East Africa Financing Deals Mark Time Awaiting Kenyan Election

Private equity and venture capital deals as well as development finance, mergers and acquisitions and commercial debt in East Africa will jump after the successful conclusion of next month’s national elections in the region’s largest economy, Kenya.

The nation is expected to decide on new leadership on Aug. 9, a vote that could change policy in the $103 billion economy that’s a major business gateway for East Africa. Former Prime Minister Raila Odinga, for instance, has promised to restructure the nation’s debt if he wins. His main rival, Deputy President William Ruto, while avoiding rearranging debt terms, intends to drastically cut back borrowing should he carry the day.