Time flies with great content! Renew in to keep enjoying all our premium content.
Prime
Value of East Africa deal book dips 35pc on investor jitters
In terms of the number of deals, venture capital (VC) led at 25, followed by mergers and acquisitions at 12, private equity (PE) at 10, and DFI at nine.
The disclosed value of deals in East Africa fell by more than a third in the first five months of the year compared to the corresponding period in 2023 on investor caution due to macroeconomic headwinds, including currency volatility and high inflation.
Analysis of the regional deals landscape by investment advisory firm I&M Burbidge Capital shows that the disclosed value of deals this year stands at $952 million (Sh123 billion), compared to $1.47 billion (Sh189.6 billion) in the first five months of 2023--marking a 35.12 percent drop.
