Prime

Value of corporate deals drops to Sh2.6bn in April

Cytonn Investments chief executive Edwin Dande (right) with Superior Homes Kenya MD Ian Henderson during a stake acquisition announcement media briefing on January 31, 2017. FILE PHOTO | DIANA NGILA | NMG

By  Charles Mwaniki

Business Reporter

Nation Media Group

The value of disclosed corporate deals in the region dropped significantly to Sh2.6 billion in April compared to Sh12.4 billion in March as Kenya again accounted for the bulk of completed deals.

Analysis by I&M Burbidge Capital shows that there were only five deals last month compared to eight apiece in February and March, with the slowdown in capital market activity seen affecting the business.

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