Citadel Capital to invest $400m in East Africa

18 January 2010

Egyptian investment firm, Citadel Capital, has revealed plans to invest up to $400m over the next two years in Kenya, Uganda and Tanzania. 'East Africa's appealing natural competitive advantages - including fast-growing consumer markets and large workforces - fit perfectly with our time-proven strategy of turning national players into regional champions,' Citadel's Chairman and founder, Ahmed Heikal said.

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