Deals hit Sh87bn on quarter two activity

Businessman Peter Munga. His Sh4.8bn Britam share sale to Swiss Re in May was among the biggest deals in the quarter. FILE PHOTO | NMG

The value of disclosed deals hit Sh87 billion in the first half of the year, boosted by investments in real estate developer Century Developments and listed insurer Britam #ticker:BRIT.

Analysis of corporate deals in Africa shows that the increased activity in the second quarter helped Kenya close the gap on South Africa, Nigeria, Egypt and Morocco, which have all recorded deals valued at above Sh100 billion this year.

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Note: The results are not exact but very close to the actual.