Kenya has been #1 destination in East Africa for private equity investments over past seven years

Kenya continued its dominance in the region’s private equity industry with the country accounting for more than 60 per cent of private equity deals recorded in the East African region.

For the seventh year running, Kenya outpaced Tanzania, Ethiopia, Rwanda and Uganda to become the foremost preferred destination for investors, cementing the country’s position as a leading destination for foreign direct investment on the continent.

The latest edition of the East African Private Equity Survey by consulting firms KPMG and the East Africa Venture Capital Association (EAVCA), indicates that Kenya received investment deals worth Sh49.7 billion out of the Sh78.9 billion ($822 million) reported.