In a year that has seen Sub-Saharan Africa suffer strong economic headwinds, East Africa has emerged largely unscathed while raking in billions of shillings in private equity investment.
An economic slowdown in China has meant reduced demand for Africa’s commodities. This coupled with falling international prices of crude oil, has meant that commodity exporters in West and Southern Africa have suffered large current account deficits, worsened by a depreciation of their local currencies.