KPMG and EAVCA Private Equity in East Africa Survey 2017

KPMG and EAVCA Private Equity in East Africa Survey 2017

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Summary

East Africa has demonstrated resilience against turbulent economic times to record above continental average GDP growths. This is attributed to improvement in governance, and the relative currency stability that many of East Africa’s economies enjoyed during the period 2015-2016. Furthermore, as a net importer of petroleum products, East Africa has a natural hedge that cushioned it from the turbulent commodity price crisis that rocked other parts of Africa. This positive economic story recorded in the region has a direct correlation to the growth of the private equity and venture capital sector during the period 2015 and 2016. The number of funds with presence in the region doubled from 36 recorded in our first Survey to 72 in 2016. This represents a 100% growth in two years compared to the first seven years of private equity activity in East Africa.

Source: Double One Nigeria Limited

Published: 2017

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