Ninety One and RMBV sell 24% of private equity investment in Kamoso to BDC

BOTSWANA– Ninety One, an asset management business, alongside Rand Merchant Bank Ventures (RMBV) has sold 24% of its equity investment in Kamoso Africa via its Africa Equity Fund 2(APEF2) to Botswana Development Corporation (BDC).  Founded in 2015, Kamoso has established itself as one of Botswana’s leading diversified fast-moving consumer goods (FMCG) platforms.  Ninety One and RMBV acquired a controlling stake in Kamoso in 2017, in what was believed to be Botswana’s largest ever private equity investment.   “The Kamoso Africa Team is excited to welcome the Botswana Development Corporation as one…

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