Second Private Equity In East Africa Survey Report, 2017. This is the second Survey out of East Africa that authoritatively documents the private equity and venture capital activities in the region. The Survey builds upon the sector tracking in our first issue that covered the period 2007-2014. The KPMG/EAVCA Survey methodology was through questionnaires, supplemented by other information sources such as discussions and international reports. The results documented in the report represent the position of 28 private equity and venture capital funds that participated in this year’s Survey, a significant increase from the 18 respondents that participated in our first Survey. East Africa has demonstrated resilience against turbulent economic times to record above continental average GDP growths. This is attributed to improvement in governance, and the relative currency stability that many of East Africa’s economies enjoyed during the period 2015-2016. Furthermore, as a net importer of petroleum products, East Africa has a natural hedge that cushioned it from the turbulent commodity price crisis that rocked other parts of Africa.