Value of East Africa deals up on rising confidence

An investment broker. FILE PHOTO | NMG

The number and value of corporate deals in the region rose last month compared to March, backed by renewed investor optimism and business confidence in Kenya.

I&M Burbidge Capital said in its April East African financial review that the disclosed value of deals in the region stood at $89 million (Sh8.94 billion) last month, compared to $19 million (Sh 1.9 billion) in March.

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