In this article, we explore the vibrant economic landscape of East Africa, where a dynamic interplay of factors has propelled specific nations to the forefront of the region’s economic growth.
We draw upon data from the East Africa Venture Capital Association (EAVCA) report to understand how private capital has been instrumental in driving the growth of pioneering enterprises, reshaping industries, and charting new paths for the future in East Africa.
According to the report, Kenya traditionally dominates the region’s private capital landscape, accounting for 69% of all transactions, Uganda accounts for 12% of all transactions, Tanzania and Ethiopia each make up 6% and Rwanda 5%. The remaining deals are multi-country transactions.
Kenya’s dominance extends to deal values, with the country representing 74% of the total disclosed deal value. Uganda and Ethiopia follow with 8% and 7%, respectively, while Rwanda attracts 5% of the flows, with the rest being multi-country transactions.
In total, there have been 427 investments worth approximately USD 7.3 billion and 51 exits valued at USD 1.3 billion disclosed.
| Rank | Country | Share of Investments (2013-2023) |
| 1 | Kenya | 69% |
| 2 | Uganda | 12% |
| 3 | Tanzania | 6% |
| 4 | Ethiopia | 6% |
| 5 | Rwanda | 5% |
Source: Business Insider Africa
