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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t $\"\"$ \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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\n\t\t\t\t\tFusion History\n<\/span>\t\t\t\t<\/div>\n\t\t\t\t\t\n

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Fusion Capital is an international investment business, originating in the United Kingdom, and primarily focused on the countries of the East African Community, including Kenya, Rwanda, and Uganda. It is a financier and developer of commercial and residential real estate, including retail malls, office blocks, mixed-use developments, logistics, and housing. Through its regulated subsidiary, Fusion Investment Management Limited, also manages capital and assets on behalf of other investors, including the Kenya Ports Authority Pension Scheme, Taaleri Real Estate, and other institutional and private investors.\n
\nFusion Capital was founded in 2006 by Phil Goodwin, a UK investor with experience in the European Private Equity industry. It\u2019s first CEO was Luke Kinoti, who left the company in 2016.<\/p>\t\t\t\t<\/div>\n\t\t

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\n\t\t\t\t\t\t\n\t\t\t\t\t\t\tType \u2013 Private limited company\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\n\t\t\t\t\t\t\tIndustry \u2013 Real Estate and Financial Services\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\n\t\t\t\t\t\t\tFounded \u2013 2006\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\n\t\t\t\t\t\t\tFounder \u2013 Phil Goodwin\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\n\t\t\t\t\t\t\tHeadquarters \u2013 Nairobi, Kenya, and Manchester, UK\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\n\t\t\t\t\t\t\tNumber of locations \u2013 5\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\n\t\t\t\t\t\t\tArea served \u2013 East Africa, including Kenya, Rwanda, Uganda, and Mauritius\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\n\t\t\t\t\t\t\tKey people \u2013 Phil Goodwin, Daniel Kamau, Michael Kimondo, James Maclean\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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Leading the future of business innovation and digital transformation<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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\n\t\t\t\t\t\t\n\t\t\t\t\t\t\tEarly History \u2013 2006 to 2010\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\tFusion Capital began in 2006 as a provider of working capital to Small and Medium Sized Enterprises (\u2018SMEs\u2019) in Kenya. The company\u2019s mission was to bridge the funding gap between small traders, who were often financed by Microfinance providers, and fully-fledged SMEs, who had been able to establish banking relationships. From its base in Nairobi, the company offered medium-term loans to companies with ambition and commitment to a growth plan. Over 350 of these investments were made between 2006 and 2010, supporting SMEs directly and creating significant social impact in employment and wealth creation.
\n\nDuring this time Fusion Capital partnered with MyC4, the Danish Microfinance crowd-funding platform, becoming one of the platform\u2019s best-performing lenders in the region.
\n\nThe company gradually modified its approach, providing larger loans to more substantial businesses, and also equity finance. With the focus on identifying partners who understood and would accept a style of equity partnership that had been successful in Europe and the United States of America (USA), but was quite nascent in the African context. Notable Equity investments included: Ushindi Feeds in Nakuru, San Valencia, Thika Farmers in Thika, Popular Tastes Industries, Julimatt Enterprises, Laikipia Springs, and Gal Baking.\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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\n\t\t\t\t\t\t\n\t\t\t\t\t\t\tLater History \u2013 2010 to 2020\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\tIn 2010, Fusion moved into real estate development with a focus on the needs of SMEs and their workforce. The rationale was that SMEs and their owners could best be served by building decent, affordable business premises and dwellings. In the same year, Fusion provided its first financing for a real estate development. This was a loan and minority equity participation for office development in the Upper Hill area of Nairobi \u2013 the building now known as 4th Ngong Avenue Towers. Working with a landowner partner, Fusion managed the planning and construction process. At the same time, it provided finance for a residential development of 60 houses in the Athi River area of Nairobi known as Graceland Athi River, again working with a partner.\n
\nThese first developments provided a solid and encouraging learning experience for the Fusion team and led to a steady expansion in both the commercial and residential markets. Fusion recruited as Advisory Directors a number of senior figures to help develop this side of the business, including the distinguished economist Paul Collier and EBRD Director Michele Small. The company soon had built Flamingo Towers, another significant office development in Nairobi located between the British High Commission and the Japanese Embassy, and begun work on a master-planned 500 -home community in Ruiru, just north of Nairobi. These were followed by developments in Nakuru, Mombasa, Meru, and several more in Nairobi. In December 2016, Fusion completed a major development in Rwanda, Kigali Heights, comprising more than 330,000 sq ft of prestige office and retail space. This building was voted Africa\u2019s best mixed-use development in 2017 by East Africa Property Investment Summit (EAPI). The company also completed a mixed-use development in Kampala, Uganda. Its major effort in Uganda, though, did not get off the ground because of planning and infrastructure issues \u2013 it was to be a significant \u2018new town\u2019 development near Kampala, but the project was mothballed in 2015.\n\nAs buildings were developed, the need to manage them arose and Fusion began the activity which became Fusion Estate Management \u2013 the business of letting, selling, collecting rents, and building repair and maintenance.
\n\nIn parallel with these developments, Fusion built a funding arm in 2013, known as Fusion Investment Management Limited, which approached the Capital Markets Authority in Kenya and became a CMA-regulated fund manager in January 2013. Fusion began broadening its investor base from the original UK-based backers.
\n\nIn 2016 Luke Kinoti stepped down as CEO and was replaced by Daniel Kamau. Daniel joined the business as its second employee in 2006.\n
\nIn 2019 Phil Goodwin led a buy-out of key shareholders resulting in the company taking direct ownership of a number of long-term assets.\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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