Dubai Investments (DI) made a US$ 20 million investment into Africa Crest Education Holdings (ACE), an investment company promoting quality education across the African continent, through the development of SABIS operated schools. The initial target pipeline includes projects in Kenya, Egypt, South Africa, Uganda and Morocco.
The deal was arranged by Investbridge Capital (IBC), an independent alternative asset management and advisory firm based in the Dubai International Financial Centre (DIFC).
Dubai Investments will join the current Founding Investors: IBC, Centum, a leading East Africa’s Investment Company listed on the Nairobi and Uganda Securities Exchanges, and SABIS, a 130 year plus old global school operator educating over 70,000 students across 5 continents and renowned for its proven, proprietary technology and operating systems and outstanding student examination results.
The SABIS system delivers high-quality education that gives students a wider choice and better chances of college and university acceptance, while developing the skills and tools needed to succeed throughout their lives. The initial project in Kenya, The SABIS International School – Runda, is currently under construction for its opening in September this year.