What is Java House known for?
When founded, it was one of the few places to find export-quality Kenyan coffee brewed and served in the region, although specialty coffee culture has seen a significant increase in Kenya in recent years. Now one of the leading coffee brands on the continent, Java House has grown its presence to outlets in 14 cities across three countries Kenya, Uganda, and Rwanda.This article relies excessively on references to primary sources. Please improve this article by adding secondary or tertiary sources. Java House (formerly Nairobi Java House) is a chain of coffee houses with its head office at ABC Place in Nairobi, Kenya, founded in 1999 by Kevin Ashley and Jon Wagner.Founded in Nairobi in 1999, Java House is now the largest coffee chain in the region with stores across Kenya, Uganda and Rwanda. The company’s 100th outlet is a smaller-format Express site, focused on speed-of-service and catering to on-the-go customers.
How much is a Java House worth?
Actis, which acquired the chain from Dubai-based Abraaj Group. January 2019 for a value reportedly over $100m. Kenyan media is reporting that the proposed sale value for Java House will be around $40m, with Actis keen to sell by the end of 2023. Java House was founded in 1999 and was majority-acquired by Emerging Capital Partners in 2012 from its founders. Dubai-based private equity firm Abraaj Group acquired the business in 2017 in a deal worth more than $100m before Actis acquired Java House in 2019 following Abraaj’s liquidation.Private equity firms Alterra and Phatisa have signed agreements to acquire 100% of Java House Africa.
Did Dangote buy Java House?
Africa’s richest man, Aliko Dangote 🇳🇬, has bought Kenya’s 🇰🇪 oldest tour company, Pollman’s Tours and Safaris, for $31 million. He also bought Java House, a coffee chain with 73 branches in Kenya, Uganda, and Rwanda. In 2023, Safaricom ranked as the largest company in Kenya according to revenue. The telecommunications enterprise recorded approximately 2. U. S.Peter Ndegwa, Safaricom — KES 294. Safaricom’s chief executive, Peter Ndegwa, is the highest-paid CEO in corporate Kenya for the fiscal year ending March 2025, earning KES 294.