PE firms raise $1 billion for East African investments
KPMG partner and head of deal advisory Sheel Gill, June 14, 2017. PHOTO | DIANA NGILA | NMG
Private equity (PE) firms raised Ksh114 billion ($1.1 billion) for East African investments between 2015 and 2016, a 41 per cent increase on the amount raised in the preceding seven years.
A sector survey by consultancy KPMG and the East Africa Venture Capital Association (EAVCA) shows that the 16 Africa focused funds have already deployed Ksh62 billion ($600 million) from these funds, with Kenya getting the lion’s share at Ksh50 billion ($483.5 million).
