Nairobi, Aug. 1 -- The volume of investment deals made by venture capital (VC) firms in East Africa outpaced total corporate finance deals in the first six months of 2024, compared with new investments made through mergers and acquisitions, private equity and ventures backed by development finance institutions, new data shows.

VC is seed capital to start-ups that need cash to set up operations, develop new products or supply chains.

Private equity, on the other hand, is capital for young, middle-stage companies looking to expand operations and explore new markets.

Data compiled by I&M Burbidge Capital shows that 68 disclosed investment deals were registered between January and June 2024, with a total transaction value of $1.02 billion....