Michael Aldridge

Ambassador Reuben Brigety and Michael Aldridge join Georgia Webber on the KOFISI Konnect podcast to discuss how Pan-African strategies drive business growth, mobilise capital at scale and coworking’s part to play in it all.

KOFISI shared that they’re refocussing on building a premium ecosystem of workspaces, shifting operations from some of their legacy buildings in Nairobi and towards their new, larger flagship Centers (like the one at KOFISI Kaskazi).

While another source notes that a $3.2M loss triggered the reconfiguration, the announcement shares that KOFISI are expanding in Rwanda and into GCC, and closed the first $10.5M of their $35M raise.

Also in the piece: Africa now has over 500 verified flex space locations. Further listening: We recently sat down with Michael Aldridge on the TWIC podcast feed.

KOFISI share officially* that they’re opening at Expo City, Dubai.

*Michael Aldridge may have let the cat out of the bag on this TWIC podcast episode last year

Michael Aldridge, founder of KOFISI, joined Hector Kolonas on the TWIC podcast to shed light on their evolution and the future of workspace solutions on (and from) the African continent.

Pan-African workspace operator KOFISI received $10.5M investment from London-based Falco Group as part of a $35M Series B capital raise, with CEO Michael Aldridge advocating for operator-driven growth models over traditional fragmented fund investments in Africa.

ICYMI: KOFISI currently operate 11 centers across six African countries with a portfolio approaching 500,000 sqft, seeing 40% growth in 2024 through expansion of existing centers and new openings in Kenya and Morocco. The investment will support development of a further 1M sqft of premium workspace across Africa, including a new 100,000 sqft location in Nairobi and upcoming sites in Kigali, Cairo, and other key markets.