Daba Market Update: East Africa's 51 PE Exits in 10 years
1 min Read September 22, 2023 at 11:39 AM UTC
- In the last 10 years, there have been 51 private equity exits out of 427 investments (and 478 private equity deals worth $8.6 billion) in East Africa, per the region’s venture capital association (EAVCA).
- There was a jump in exit activity during FY 2022, marking the highest numbers in a decade. The financial services sector saw 14 exits, followed by healthcare and energy, with nine and seven exits, respectively.
- Kenya led the pack with 36 exits per country, followed by Uganda at eight and Rwanda with three. Tanzania and Ethiopia recorded two and one exit, respectively.
Africa generally is seeing an increasing number of successful exits in the PE and VC market, providing liquidity for investors and demonstrating the potential for successful investments in the continent. Private capital exit activity in Africa soared to unprecedented levels in 2022, reaching an impressive 82 full exits—the highest number of exits ever recorded in a single year on the continent. This record-breaking number of exits marks a 2.3x year-over-year growth and an 86% increase when compared to the pre-pandemic average (44 from 2012 to 2019).
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