Taxes, high octane politics spook venture capital investors in East Africa

Business Reporter in Nairobi, Kenya

Nation Media Group

East Africa recorded subdued venture capital (VC) activity in 2024, weighed down by a volatile sociopolitical climate and increased business taxes in Kenya.

Latest data by the African Private Equity and Venture Capital Association Ltd (AVCA) shows that the region recorded 112 VC deals valued at $472 million, from 114 deals valued at $480 million in 2023.

Taxes, high octane politics spook venture capital investors in East Africa

Conflict

A regional war: Ethiopia troop pullout plan puts Somalia security under new strain

Explainer: Why new war in Ethiopia’s Tigray threatens to trigger wider conflict

Ethiopia, Sudan junta bicker again over RSF support claims

East Africa’s oil rivalry is missing the bigger energy security question

Latest

US rekindles interest in Lobito Corridor with $3m grant for hydropower expansion

Iran conflict dents African start-up funding

Region in efforts to clean up trade routes as cargo volumes increase

Tanzania to close schools early as El Niño rains loom

In the headlines

Region in efforts to clean up trade routes as cargo volumes increase

US rekindles interest in Lobito Corridor with $3m grant for hydropower expansion

Race for EA oil projects: $16bn Lamu refinery puts Ugandan plan to the test

Tanzania to close schools early as El Niño rains loom

PRIME Lessons from Israel for African start-ups

PRIME Africa’s private capital investments decline by over $1.5 billion in 2023

Be the First to Know

PRIME A regional war: Ethiopia troop pullout plan puts Somalia security under new strain

Explainer: Why new war in Ethiopia’s Tigray threatens to trigger wider conflict

Ethiopia, Sudan junta bicker again over RSF support claims

PRIME East Africa’s oil rivalry is missing the bigger energy security question

PRIME US rekindles interest in Lobito Corridor with $3m grant for hydropower expansion

PRIME Iran conflict dents African start-up funding

PRIME Region in efforts to clean up trade routes as cargo volumes increase

PRIME Tanzania to close schools early as El Niño rains loom

PRIME Region in efforts to clean up trade routes as cargo volumes increase

PRIME US rekindles interest in Lobito Corridor with $3m grant for hydropower expansion

PRIME Race for EA oil projects: $16bn Lamu refinery puts Ugandan plan to the test

PRIME Tanzania to close schools early as El Niño rains loom

Lessons from Israel for African start-ups

Africa’s private capital investments decline by over $1.5 billion in 2023

A regional war: Ethiopia troop pullout plan puts Somalia security under new strain

East Africa’s oil rivalry is missing the bigger energy security question

US rekindles interest in Lobito Corridor with $3m grant for hydropower expansion

Iran conflict dents African start-up funding

Region in efforts to clean up trade routes as cargo volumes increase

Tanzania to close schools early as El Niño rains loom

Region in efforts to clean up trade routes as cargo volumes increase

US rekindles interest in Lobito Corridor with $3m grant for hydropower expansion

Race for EA oil projects: $16bn Lamu refinery puts Ugandan plan to the test

Tanzania to close schools early as El Niño rains loom