2004. After a decade long career as successful investment bankers, Kavit Handa and Alykhan Lalani take the bold step of founding The Intouch Group (a private equity focused business based in Dubai specializing in Africa and the Middle East.) Intouch Relocations is our first acquisition and SensAsia Urban Spas our first funding.
2005-2008 After a successful fundraise of USD 10 million, Intouch acquires, trades and grows a Dubai based residential portfolio, paying back investors USD 22 million and beginning the journey of proprietary investing.
2008 The D3 fund is successfully launched with the intent of creating the largest privately owned commercial landlord in the DIFC.
2012 Post disposal of various investments in Kenya, Intouch Capital is rebranded Africa Capital.
2014 Africa Capital lead the acquisition of Elliot Relocation services in South Africa (Africa’s largest destination service provider) This is rebranded and bolted onto Intouch Relocations creating the largest DSP in the Middle East & Africa. Africa Capital also acquires the rights for oil Blocks L4 & L14 in Kenya.
2015 Africa Capital co-founds Return Hound with Aramex PJSC.
2016 Africa Capital sells down its rights to Blocks L4 & L14 to Midway Resources who spend USD 50 million further developing the site post acquisition.
2018 Africa Capital in a negotiated settlement buys out all limited partners. Return Hound is fully acquired by Aramex PJSC.
2020 Africa Capital completes Level 8, the largest single plug and play office space in the DIFC.
2022 Africa Capital restructures with the founders choosing to pursue different paths. Kavit Handa remains Chairman and founds Afcap Consulting to explore opportunities in East Africa that positively impact the community.
2023 Afcap joins forces with Elcome Ltd to create Karibu Connect who in partnership with Starlink (SpaceX) will provide a digital connectivity blanket across Kenya.