Nairobi, Sept. 21 -- Corporate deal activity in East Africa fell to its lowest monthly volume this year in August, weighed down by the negative effect of the Covid-19 pandemic on private capital movement and the seasonal dip due to European summer holidays.
An analysis of the deals landscape by advisory firm I&M Burbidge Capital showed that there were only four deals recorded in August, with a disclosed value of Sh2.26 billion (from two of the four deals), compared to 12 with a disclosed value of Sh14.8 billion in July.
Of the four deals, three were private equity investments while there was one merger and acquisition deal in the financial sector where Kenya's Cooperative Bank #ticker:COOP completed the buyout of a 90 percent stake in tie...