East Africa's PE deals double to $834m, spread across multiple sectors

Stacks of one hundred dollar notes at the bank's headquarters in Seoul. East Africa's private equity deal doubled to $834 million in 2018. PHOTO | AFP

Private equity activity in the region bounced back in 2018 after a tough 2017, with the disclosed value for deals recorded almost doubling to $834.3 million, compared with $446.78 million last year.

The increased deal activity is indicative of East Africa’s growing prominence as a private capital destination, in part driven by the stability of the region’s economies.