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Kenya’s Sh79bn deals top East Africa’s mergers and acquisitions

DN Bomet Finlay 0705 b

Bomet Governor Hillary Barchok, director of Sri Lanka-based Browns Investments PLC Kamantha Amarasekera and Mr Ben Woolf of James Finlay on May, 6, 2023. PHOTO | VITALIS KIMUTAI | NMG

By  Edna Mwenda

Business Reporter

Nation Media Group

Kenya recorded merger and acquisition deals worth $600.3 million (Sh79.2 billion) last year, leading its East African peers according to a new report.

The country was ranked second in 2022 when it witnessed larger deal values of $1.12 billion (Sh149 billion) to trail Sudan, which topped the charts with $1.41 billion (Sh186.4 billion) worth of transactions. Sudan subsequently dropped out of the top ranking in 2023 when its civil war intensified.

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