East Africa’s private equity market has experienced significant growth in recent years.
Per the East Africa Venture Capital Association, a total of 478 deals worth $8.6 billion closed over the past decade. The region also recorded a jump in exit activity in FY 2022, marking the highest numbers in a decade.
The financial services sector recorded 14 exits, while the healthcare and energy sectors had nine and seven exits, respectively.
Kenya led with 36 exits, followed by Uganda with eight, and Rwanda with three. Tanzania and Ethiopia reported two and one exit, respectively.