Kenya: Citadel turns to agriculture in search of investment

Egyptian private equity firm Citadel Capital is seeking to buy Kenya’s firms and long-term land leases as it seeks agro-based raw materials to feed its food business. Citadel’s consumer food business, Gazour, is keen to cut reliance on imports to supply its Egyptian plants by controlling the supply chain from farmer to the shop shelf to protect it from global commodity price fluctuations