• About Us
  • Archives
  • SWG Registration
Samrack Media
Mahiga Homes
  • Home
  • ALL NEWS
  • Diaspora
  • Africa
    • AFRICA
    • KENYA
  • BUSINESS
    • BUSINESS
    • INVESTMENTS
    • REAL ESTATE
    • TECHNOLOGY
  • Politics
  • Health
    • HEALTH
    • EDUCATION
  • Religion
  • People
    • PEOPLE
    • LIFESTYLE
    • RELATIONSHIPS
  • Obituaries
  • Videos
  • Events
No Result
View All Result
  • Home
  • ALL NEWS
  • Diaspora
  • Africa
    • AFRICA
    • KENYA
  • BUSINESS
    • BUSINESS
    • INVESTMENTS
    • REAL ESTATE
    • TECHNOLOGY
  • Politics
  • Health
    • HEALTH
    • EDUCATION
  • Religion
  • People
    • PEOPLE
    • LIFESTYLE
    • RELATIONSHIPS
  • Obituaries
  • Videos
  • Events
No Result
View All Result
Samrack Media
No Result
View All Result

Kenya pulls Sh325b in private funding

samrack by samrack
May 9, 2016
in 2016, Africa, Diaspora, Kenya, Kenya Diaspora News, News, U.S Diaspora
A A
0
Kenya pulls Sh325b in private funding
Share this
FacebookTwitterPinterestEmailWhatsAppLinkedIn

Kenya pulls Sh325b in private funding

Kenya registered the highest number of regional private equity (PE) deals last year, defying a volatile exchange rate environment and high interest rates.

According to data from the African Private Equity and Venture Capital Association (ACVA), Kenya remained a favourite in terms of the value of deals signed in East Africa.

Out of a total deal value of $4.5 billion (Sh450 billion) spread across Kenya, Tanzania, Ethiopia, Uganda and Rwanda last year, Kenya accounted for 71 per cent of the financing, raking in $3.25 billion (Sh325 billion) in paid capital and enterprise value.

“East Africa has made significant strides in recent years to become a region that facilitates ease of business and investment across its borders,” the report said.

“The results of this emphasis are clear to see in the value of deals done that have a regional focus rather than a single country within East Africa.”

It added, however, that the number of single-country deals still exceeds regional deals, indicating that larger deals tend to be regionally focused, while smaller deals are single-country focused.

READ MORE

  • Private fund partners with Orbit Chemicals

East Africa’s PE industry is still in its early stages, and Kenya has long dominated the scene in the lucrative capital class, often characterised by long-term maturity periods and illiquidity.

Data from a 2014 edition of the Private Equity Confidence survey, released by consulting firms Deloitte and Africa Assets, indicates that competition is growing in the country’s PE industry, with fund managers looking to SMEs and fast-moving consumer goods (FMCGs) for new deals.

According to AVCA, consumer businesses continue to attract the highest number of investors, with 40 per cent of the deal value channelled to FMCGs in the region.

Financial sector

The financial sector was the second-most popular category, taking up 35 per cent of the deal value.

However, AVCA also found that the number of exits by private equity funds rose to a record high of 44, up from 2014’s 39. But the number of PE firms that reported exits reduced marginally to 28 from 31 firms in 2014.

“Notably, there was a rise in exits within healthcare and retail sectors, which accounted for 5 per cent and 3 per cent of exits, respectively, between 2007 and 2013,” the report said.

Technology, telecoms and media, and resources sectors recorded the highest declines in exits after they accounted for 2 per cent, 2 per cent and 1 per cent of exits in 2014-2015, compared to 8 per cent, 10 per cent and 11 per cent, respectively, in 2007-2013.

South Africa, on the other hand, accounted for 39 per cent of exits in 2014 to 2015 — nearly four times the share of exists recorded by Nigeria and Kenya, which accounted for 10 per cent of exits each.

AVCA compiled data for the report from a total of 16 funds investing in East Africa, and acknowledged that the findings would have been more comprehensive if more responses from the selected sample had been factored in.

“Although more participation would have given us deeper insight, the results did prove useful to draw general conclusions,” the association said.

“We collected a total of 63 entry transactions concluded in the region which, while not a full complement of deals concluded, present a fair sample allowing some conclusions to be drawn on private equity activity in East Africa.”

PE is slowly emerging as a potential solution to funding for many SMEs in the country looking to raise growth finance.

Kenya’s strategic position as the economic, resource, management and logistics hub for the region provides local businesses with more visibility, making them appealing targets for venture capitalists.

READ MORE

  • Private fund partners with Orbit Chemicals

Last month, Catalyst Principal Partners became the latest PE firm to reveal it has signed an investment deal with Kenyan manufacturing firm Orbit Chemicals.

The deal followed approval received from the Competition Authority of Kenya that allowed the capital injection. Orbit Chemicals manufactures household detergents, such as Stasoft and Axion.

fsunday@standardmedia.co.ke

Tags: Kenya pulls Sh325b in private fundingPrivate fund partners with Orbit Chemicals
Previous Post

United Nations U-INWEH Masters Scholarships for Developing Country Students, 2016-2017

Next Post

Kenyans abroad shine in major leagues

Related Posts

DP Ruto picks Rigathi Gachagua as his running mate
Kenya

DP Ruto picks Rigathi Gachagua as his running mate

May 15, 2022
Muteshi Land Grabbing Case Haunts Ruto
Business

Muteshi Land Grabbing Case Haunts Ruto

May 13, 2022
Boyfriend of Missing US-based Kenyan Woman Considered a ‘Person of Interest’ in Her Disappearance
Diaspora

Boyfriend of Missing US-based Kenyan Woman Considered a ‘Person of Interest’ in Her Disappearance

May 13, 2022
Five Reasons Why Real Estate Increases in Value
Business

Five Reasons Why Real Estate Increases in Value

May 13, 2022
Kenya:9,484 children were defiled last year— Health ministry
Health

Kenya:9,484 children were defiled last year— Health ministry

May 13, 2022
Standoff at JKIA After Family Refuses to Pick Body of Kin Who Died in Saudi Arabia
Diaspora

Standoff at JKIA After Family Refuses to Pick Body of Kin Who Died in Saudi Arabia

May 12, 2022
Next Post
Kenyans abroad shine in major leagues

Kenyans abroad shine in major leagues

Please login to join discussion
Job Openings Below is a list of current job openings at Northeast Clinical Services, Inc.. Please click on an opening in the list to view details and apply. Job Openings Below is a list of current job openings at Northeast Clinical Services, Inc.. Please click on an opening in the list to view details and apply. Job Openings Below is a list of current job openings at Northeast Clinical Services, Inc.. Please click on an opening in the list to view details and apply.
ADVERTISEMENT
ADVERTISEMENT

Latest News

DP Ruto picks Rigathi Gachagua as his running mate

Muteshi Land Grabbing Case Haunts Ruto

Boyfriend of Missing US-based Kenyan Woman Considered a ‘Person of Interest’ in Her Disappearance

Five Reasons Why Real Estate Increases in Value

Kenya:9,484 children were defiled last year— Health ministry

Standoff at JKIA After Family Refuses to Pick Body of Kin Who Died in Saudi Arabia

Kenyan Nurse Wins Sh29 Million Global Nursing Award in Dubai

Russia Questions US-Funded Biolab in Kenya

GOVERNOR MUTUA’S BIG BLOW AS TRIBUNAL STOPS HIM FROM EXITING AZIMIO LA UMOJA ONE KENYA COALITION!!

Canada Issues Travel Advisory to Its Citizens in Kenya

We are grateful for your monthly or one-off donations To Samrack Media: Cash App No: 781-888-8770 $SAMRACK001

Money

New Digital Skills Helps Unemployed Kenyan Youth Earn In Cryptocurrency

New Digital Skills Helps Unemployed Kenyan Youth Earn In Cryptocurrency

by samrack
November 19, 2021
0

New Digital Skills Helps Unemployed Kenyan Youth Earn In Cryptocurrency This week sees the launch of a new initiative to equip...

A simple guide to Government Bonds investing in Kenya

A simple guide to Government Bonds investing in Kenya

by samrack
September 17, 2021
0

A simple guide to Government Bonds investing in Kenya A treasury bond (T-bond) is a medium term to long term...

Politics

GOVERNOR MUTUA’S BIG BLOW AS TRIBUNAL STOPS HIM FROM EXITING AZIMIO LA UMOJA ONE KENYA COALITION!!

GOVERNOR MUTUA’S BIG BLOW AS TRIBUNAL STOPS HIM FROM EXITING AZIMIO LA UMOJA ONE KENYA COALITION!!

by samrack
May 11, 2022
0

GOVERNOR MUTUA'S BIG BLOW AS TRIBUNAL STOPS HIM FROM EXITING AZIMIO LA UMOJA ONE KENYA COALITION!!   Governor Alfred Mutua’s...

You are free to use Nairobi expressway from next Saturday – Uhuru

You are free to use Nairobi expressway from next Saturday – Uhuru

by samrack
May 8, 2022
0

You are free to use Nairobi expressway from next Saturday - Uhuru Other than the ban on photography, skaters, pedestrians,...

  • About Us
  • Archives
  • SWG Registration

© 2021 SAMRACK - Diaspora News & Updates; design by: Samrack.

No Result
View All Result
  • Home
  • ALL NEWS
  • Diaspora
  • Africa
    • AFRICA
    • KENYA
  • BUSINESS
    • BUSINESS
    • INVESTMENTS
    • REAL ESTATE
    • TECHNOLOGY
  • Politics
  • Health
    • HEALTH
    • EDUCATION
  • Religion
  • People
    • PEOPLE
    • LIFESTYLE
    • RELATIONSHIPS
  • Obituaries
  • Videos
  • Events

© 2021 SAMRACK - Diaspora News & Updates; design by: Samrack.

Page generated in 0.868 seconds. Stats plugin by www.blog.ca