KKR’s Africa-focused investment team has grown with the addition, earlier this month, of Takudzwa Mutasa as a Principal focused on opportunities on the continent. He joins them following a 6-year private equity career at two leading Africa-focused firms, Helios Investment Partners and most recently Development Partners International. Prior to that he worked as an investment banker for Citigroup.
This latest hire comes on the heels of a number of recent moves by KKR to boost its investment efforts in African opportunities. In July this year, the firm appointed Dominique Lafont, the head of Bolloré Africa Logistics, as a Senior Advisor, who told Reuters earlier this month that the firm has plans to invest up to $100 million in Africa over the next 12 months primarily on the food and agriculture sectors, as well as energy and infrastructure projects.
KKR made its maiden investment foray into the continent in June 2014 with a $200 million investment from its $6.2 billion European fund for a 55% stake in Afriflora, an Ethiopian flower grower and exporter.
Mutasa is based in the firm’s London office. He joins an Africa-dedicated team that includes Folasope Aiyesimoju, Claude Kamga and Anogie Joseph-Erameh. The global investment firm’s African operations are led by Kayode Akinola, who joined KKR from Helios Investment Partners in 2013.