Global private equity firm Actis has closed its Kenyan office in a move it says will not affect its existing investments in the country or pursuit of new opportunities locally. The firm said it would not be renewing its Cape Town and Nairobi office leases. The company’s business operations will remain active and the Actis investment professionals working in Kenya will be served by its Johannesburg, Cairo and Lagos offices.

“We have decided that in lieu of renewing the leases on our Nairobi and Cape Town offices, we are exploring alternative working solutions for the continued delivery of our investment activities. This decision is a recognition of modern working practices and no reflection on our commitment to Kenya or South Africa and ongoing activity within the wider region.” Sarah Douglas, director, of communications and marketing, at Actis Investor Solutions Group explained.