Atta Africa Financial Update

Executive summary
Kenya leads East Africa peers in private equity inflows.

For the seventh year running, Kenya outpaced Tanzania, Ethiopia, Rwanda and Uganda to become the foremost preferred destination for investors in the East of the continent, cementing the country’s position as a leading destination in the region.

The latest edition of the East African Private Equity Survey by consulting firms KPMG and the East Africa Venture Capital Association ( EAVCA), indicates that Kenya received investment deals worth Sh49.7 billion out of the Sh78.9 billion (US$822 million) reported.

The survey, which covered the years 2007 to 2014 stated that 328 private equity (PE) deals were announced during the period under review, with Kenya receiving 63 per cent of the reported deals, followed by Tanzania and Ethiopia, which recorded 12 and six deals respectively.

Agriculture received 27 per cent of the deals, financial services 14 per cent, fast moving consumer goods 11 per cent, ICT 10 per cent and healthcare nine per cent, accounting 71 per cent of the total 79 reported deals.