From Forbes

Kenyan multi-millionaire and manufacturing magnate Manu Chandaria, the chairman of Comcraft Group, an industrial conglomerate with interests in aluminum, steel, plastics and  information technology, plans to list some subsidiaries of his conglomerate on a stock exchange.

Chandaria, speaking recently to Reuters, said that both the steel and aluminum businesses of the group could be listed within the next two or three years.

Chandaria’s father, an Indian immigrant, laid the earliest foundation of the  Comcraft Group in 1915 when he relocated to Nairobi to start a provisions shop in the city’s popular Biashara street. As the business grew, his father and extended family members subsequently acquired Kaluworks, a manufacturer of aluminum cookware and roofing sheets.

When Chandaria returned to Kenya after studying in the United States, he joined the company, expanded the group’s product offering and steered the company to the remarkable growth it enjoys today. Comcraft now has more than 30,000 employees in 40 countries, more than $2 billion in annual revenues and is arguably the largest manufacturer of aluminum and steel products in Africa.

But Chandaria is still looking for growth in Africa and elsewhere and has long sought avenues to raise additional capital to facilitate the group’s international expansion. In 2012, Kaluworks, a Comcraft subsidiary, raised $14 million in a corporate bond sale. There has been no other major public fundraising exercise for any of the group’s companies since then.

Read more at Forbes