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PE firms raise $1 billion for East African investments

Published on June 20, 2017

Private equity (PE) firms raised Ksh114 billion ($1.1 billion) for East African investments between 2015 and 2016, a 41 per cent increase on the amount raised in the preceding seven years.

A sector survey by consultancy KPMG and the East Africa Venture Capital Association (EAVCA) shows that the 16 Africa focused funds have already deployed Ksh62 billion ($600 million) from these funds, with Kenya getting the lion’s share at Ksh50 billion ($483.5 million).

The amount coming to the region, however, remains only a small percentage of the global and African totals, at 0.6 and 0.06 per cent respectively. Read more. Source | The Citizen