AutoXpress, an East Africa-based tyre wholesaler and retailer, received a 36% equity investment from global emerging market investor Actis.
The amount of the transaction was not disclosed.
The company will use the proceeds to accelerate its expansion across East Africa.
Led by Managing Director Sandeep Shah, AutoXpress is a distributor and retailer of tyre, battery and suspension brands, including Pirelli, Dunlop, Marshal, BKT, KYB and Energizer servicing both corporate customers and the Kenyan retail market.
It operates through 20 owned stores in Kenya and Rwanda and approximately 350 professionals.
FinSMEs
03/02/2014