Private equity giant KKR hires ex-Bolloré Group executive Dominique Lafont to head push into Africa

US private equity firm KKR made its maiden investment in Africa in 2014, spending $200M on a stake in an Ethiopian flower farm.

KKR appointed the former chief executive of Africa’s biggest ports and logistics network as a senior adviser, in a sign the private equity house is looking to invest in the region’s infrastructure.

Dominique Lafont, who headed Bolloré Africa Logistics, a subsidiary of Paris-listed Bolloré Group, will join the firm immediately.

The appointment is an indication of how private equity is increasingly moving into Africa, one of its least tapped markets.

KKR made its first foray into the continent last year, investing $200m in Afriflora, an Ethiopian rose grower.

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