This archive report was first published on 9 December 2019.
Published on December 9, 2019, a report by I&M Burbridge Capital reveals that Kenya is at the forefront of East Africa nations in corporate deals.
According to the East Africa Financial Review, Kenya led the pack in November with 9 disclosed corporate transactions valued at $35.6 million.
Kenya's dominance in corporate deals is evident in the year-to-date (YTD) figures, with a total deal value of $1.62 billion and 104 deals. The country accounts for 74 of these deals, a significant share of the total.
Private equity transactions have been the most prominent type of deal in Kenya, accounting for 62% of all disclosed deals YTD. However, mergers and acquisitions (M&A) have edged out equity transactions in terms of value.
The financial services sector has seen the highest volume of deals YTD, with 45% of the total. Agribusiness and the energy, oil, and gas sector have also been active, with 13% and 11% of the deals respectively.
Notable deals in Kenya in November include the acquisition of StanlibKenya by fund manager ICEA Lion Asset Management, estimated to be worth over KSh1.5 billion. Additionally, Viktoria Business Angels Network (VBAN) and Pangea Accelerator invested $200,000 in Kenyan startup ManPro, while Nairobi-based fintech startup Asilimia raised $350,000 in funding from the Unicorn Group.
