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Investment in young firms leads EA deals

Mr Edward Burbidge, Chief Executive Officer, Burbidge Capital Limited(Left) with Mr Heril Bangera Flame Tree Group CEO. PHOTO | COURTESY

By  Charles Mwaniki

Business Reporter

Nation Media Group

Early-stage venture capital (VC) investments recorded the biggest growth in new deals into East Africa last year, targeting the financial, agribusiness and ICT sectors which have recently offered high growth potential.

An analysis of deals carried out by investment adviser I&M Burbidge Capital shows that VC deals jumped from 16 in 2020 to 29 last year.

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