
Raya Foods secures $40-million investment from Helios
This allows Helios to acquire a 49 percent stake in Raya Foods, significantly enhancing the company’s growth trajectory and operational capabilities.
This allows Helios to acquire a 49 percent stake in Raya Foods, significantly enhancing the company’s growth trajectory and operational capabilities.
Helios Investment is one of the largest Africa-focused private investment firms.
In its audited statement for 2020, the company reported plunging earnings and a 40-percent drop in profit.
The venture will be implemented with private equity firm Helios Fairfax Partners Corporation.