Kenya is one of three top markets on the continent that international private equity firms will be looking to enter this year through mergers and acquisitions.
The country has been ranked third after South Africa and Nigeria, in a new merger markets survey by global consulting firm, Control Risks. This was despite sub-Saharan Africa’s top two economies facing economic slowdown and energy challenges.
In East Africa, Tanzania took second position after Kenya, followed by Uganda and Rwanda.
The survey notes that Kenya’s increased consumer spending and greater trading among members of the economic bloc makes it a favourite among investors seeking M&A deals in the region this year. Read more. Source | East African