Venture capital tops deals scorecard in East Africa
Venture capital deals accounted for 38 per cent of the deals executed in the first half of 2024, while mergers and acquisitions accounted for 22 per cent. PHOTO | SHUTTERSTOCK
The volume of investment deals made by venture capital (VC) firms in East Africa outpaced total corporate finance deals in the first six months of 2024, compared with new investments made through mergers and acquisitions, private equity and ventures backed by development finance institutions, new data shows.
VC is seed capital to start-ups that need cash to set up operations, develop new products or supply chains.
