The value of private equity deals in East Africa rose to $152 million last year, tripling from $52 million in 2014, with investors searching for better yields amid global market volatility and slowing economic growth.
The rise in the value of deals in Kenya, Uganda, Tanzania, Rwanda, Burundi, South Sudan and Ethiopia is attributed to new capital inflows from private foreign equity and fund companies seeking the benefits of a diversified institutional portfolio that the region offers. This was despite currency depreciation and high interest rates. Read more. Source | East African