East Africa Leads Sub-Saharan Africa In Private Equity Activity

East Africa led the rest of sub-Saharan Africa last year in the number and value of deals by private equity funds, according to a survey done by Emerging Markets Private Equity Association (EMPEA). This highlights the shifting attention by private equity investors into the region. Of the $1.6 billion invested in sub-Saharan Africa by private equity funds, about $769 million — nearly half of the total — was invested in East Africa. The amount was double the investment in the previous year. The region also accounted for 33 per cent of all private equity deals in sub-Saharan Africa. The trend is likely to continue for the rest of the year with Pearl Capital Partners announcing commitment of $13.5 million for investing in agribusiness in the next two years in East Africa. Standard Chartered Private Equity announced that it will invest between $150 million and $250 million in sub-Saharan Africa this year with special focus on East Africa and Nigeria. Agri-Vie, the private equity fund focused on food and agribusiness investments in sub-Saharan Africa has announced a $5 million investment in Kariki Group, a specialist Kenyan flower exporting company. Private equity players are also optimistic that the region will continue […]

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