Ascent Capital Africa

Ascent Capital Africa Limited is a private equity and venture capital firm established in 2012, with its primary office located in Nairobi, Kenya. The firm focuses on investing in startup, early-stage, and growth companies across various sectors, including agribusiness, consumer goods, financial services, healthcare, information technology, and energy. Targeting small and medium enterprises with revenues between $2 million and $10 million, Ascent typically invests between $2 million and $15 million, with an average investment of $4 million to $5 million. The firm aims to acquire controlling or significant minority stakes in its portfolio companies, usually maintaining a shareholding of 25% to 40%. Ascent Capital Africa is committed to fostering growth in the Greater Eastern Africa region, including Kenya, Uganda, Tanzania, Rwanda, Burundi, and Ethiopia. The firm generally plans for a ten-year investment horizon, with preferred exit strategies including public listings or sales to other private equity funds and investors.