The number of corporate deals in East Africa rose by 40 percent in the first eight months of the year compared to the corresponding period in 2021, driven by venture capital investments in ICT and financial services sectors.
In recent years, the deals landscape has been dominated by private equity investments into larger established businesses, mergers and acquisitions. The strong showing by venture capital funds this year, however, indicates that investors are seeking new opportunities in startups which have high potential for growth.
