Foreign investors, mostly from Europe and the US, are scouting for opportunities in East Africa with plans to pump $1.5 billion into the region’s private companies.
The investors, who largely comprise development finance institutions and high net-worth individuals, are mainly interested in purchasing stocks of financial institutions and fast-moving consumer goods companies, according to the latest survey by consultancy firm KPMG and the East Africa Venture Capital Association.
According to the study, of the total private equity funds of $3.7 trillion raised globally between 2007 and 2014, an estimated 0.6 per cent ($22 billion) is earmarked for Africa, with 0.04 per cent ($1.5 billion) destined for East Africa. Read more. Source | East African