Felister Mutinda founder of St. Bakhita Schools smiled her way to the bank despite the tight COVID 19 situation after a Kenyan private equity investor; Fanisi Capital cashed Ksh 256 Million to acquire a minor stake her 4 campus school.
Felister founded St. Bakhita Schools in 2003 and has grown the school to become one of the best Schools in Kenya 17 years after its inception. Under the vision to be an unrivaled leader in early learning the school runs 3 campuses in South B, Sabaki, and Eagle Plains with 1,300 students across all the 3 campuses. The school charges an average fee of Ksh 70,000 and makes about Ksh 280 Million per year.
Fanisi Venture Capital Fund S.C.A., SICAV-SIF is a US50M fund that makes direct investments (private equity and venture capital) in businesses with potential for substantial growth. Fanisi Capital was founded in 2009 by the Norwegian Investment Fund for Developing Countries (Norfund) and Amani Capital Limited. This is an expansion for Fanisi Capital after the firm initially invested in Hillcrest International School, GEMS Education in 2011, and in Kitengela International School in 2018.
The investment has seen a simple hustle of Felister Mutinda who was committed to creating a world-class education pay off and this will mean more funds for St. Bakhita Schools further expansion and more campuses in the coming few years.