A new report reveals a remarkable shift in where investors are focusing their attention in East Africa, a trend driven by recent global events and regional opportunities.
Previously, green energy and technology led the charge, but now the spotlight is on the agriculture and food and beverage sectors. This shift comes as geopolitical tensions and the impacts of climate change underline the necessity for self-sufficient and sustainable local food production systems.
The financial services industry is also receiving interest due to its large informal economy. Fueled by Africa's high mobile adoption and innovative solutions from fintech startups, this sector is poised to support small businesses with enhanced payment and credit systems, promoting economic inclusion.
Source: 2023 Deloitte Africa Private Equity Confidence Survey