East Africa trailing peers in attracting needed private equity funds

East Africa has been way behind its peers on the continent in attracting private equity deals over the past five years. FILE PHOTO | NATION

East Africa has been way behind its peers on the continent in attracting private equity deals over the past five years, according to a new survey.

According to the survey by the African Private Equity and Venture Capital Association (AVCA) released last week, the value of PE deals in the region stood at $2.4 billion between 2012 and 2017.