NEWS20 July 2009

Equity fund invests in Kenya’s Research Solutions Africa

Financials Middle East and Africa

KENYA— Private equity house TBL Mirror Fund has invested £196,000 ( 25m Kenyan Shillings) in full-service agency Research Solutions Africa (RSA).

The firm’s CEO, Jane Delorie, said the cash would be used to fund the company’s plans to expand its presence across Africa.

She said: “This investment will be directed at consolidating our growth and allow us to open up new markets – bringing us closer to our vision of being recognised as the leading pan-African informations solutions provider.”

RSA operates in 20 African countries and offers clients qual, quant and desk research services.

TBL Mirror Fund provides venture capital for small and medium-sized businesses in Kenya.