June 5, 2015 IBOMLLC Team

Kenya Takes The Lion’s Share In Private Equity Funds Into The East Africa Market

Innov8tiv
Innov8tiv – Blacks In Technology in USA, UK, Caribbean Islands & Africa

Kenya is seen as an economic powerhouse within the East African region and thus attracts the greatest percentage of private equity (up to 60%) invested in the region. For the last seven years, Kenya has consistently come on top of its neighbors Ethiopia, Tanzania, Uganda and Rwanda and is the most desirable stop for international investors looking to do business in the region.

A recent survey dubbed the East African Private Equity Survey done by KPMG and the East Africa Venture Capital Association (EAVCA). Showed that out of the Ksh.78.9 billion ($822 million) invested in the region, Ksh.49.7 billion ($516,287,079) went to Kenya. The survey took into consideration the time between 2007 to 2014, and it emerged that 328 private equity (PE) deals flowed into the East African region, with Kenya taking 63% of these deals. After Kenya in decreasing order is Tanzania and Ethiopia that got 12 and six deals respectively.

A director at Deal Advisory business unit at KPMG, Sheel Gill, said, “Of the total global PE funds raised globally, $3.7 trillion for the 2007-2014 period, which is approximately 0.6%, is earmarked for Africa and …read more

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