The number of corporate deals in East Africa fell by 14 percent in the first seven months of the year compared to the corresponding period in 2020, with uncertainty over Covid vaccination and new strains forcing investors to hold on to sizeable amounts of investable capital.
A report done by investment advisors I&M Burbidge Capital shows that deals fell to 60 in the period from 70 last year, marked by a fall in private equity, mergers and acquisition (M&A) deals.
