Please enable JavaScript to view advertisements.
×
App Icon
The Standard e-Paper
Kenya’s Boldest Voice
★★★★ - on Play Store
Download App
×
The Standard Group PLC The Standard Group Plc is a multi-media organization with investments in media platforms spanning newspaper print operations, television, radio broadcasting, digital and online services. The Standard Group is recognized as a leading multi-media house in Kenya with a key influence in matters of national and international interest.
  • Standard Group Plc HQ Office,
  • The Standard Group Center,Mombasa Road.
  • P.O Box 30080-00100,Nairobi, Kenya.
  • Telephone number: 0203222111, 0719012111
  • Email: corporate@standardmedia.co.ke

East Africa defies economic slump to attract private equity billions

Goodlife Chief Executive Tony McNally (left) when the firm launched its Naivasha store at Buffalo Mall earlier this year. Catalyst Principal Partners last week announced an exit from the pharmaceutical retailer after recouping its investment, demonstrating Kenya’s growing private equity market. [PHOTO: WILBERFORCE OKWIRI/STANDARD]

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.

Premium Article

Get Full Access for Ksh299/Week.

Bold Reporting Takes Time, Courage and Investment. Stand With Us.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902
Support Independent Journalism

Stand With Bold Journalism.
Stand With The Standard.

Journalism can't be free because the truth demands investment. At The Standard, we invest time, courage and skills to bring you accurate, factual and impactful stories. Subscribe today and stand with us in the pursuit of credible journalism.

Pay via
M - PESA
VISA
Airtel Money
Secure Payment Kenya's most trusted newsroom since 1902