East Africa attracts $1.6b in foreign capital, with Kenya taking bulk

Kansai Plascon East Africa president Gary Van Der Merwe and other company bosses at a recent press briefing in Nairobi. PHOTO FILE | NMG

East Africa has received $1.6 billion from foreign investors, Kenya taking the bulk of the 55 deals recorded in the past eight months.

Data from I&M Burbidge Capital shows that the initial public offering of Vodacom Tanzania, and the purchase of Sadolin Paints by Japanese firm the Kansai Paint were some of the region’s biggest deals.