East African Community looking into Private Equity to raise capital - and break aid dependency

black business

East African Community partner states are looking into the possibilities of raising more money from international capital markets and in turn reduce donor dependency.

The plan is to use this capital for financing infrastructure projects to improve the East African Community's competitiveness as an investor destination.

Most recently Rwanda managed to sell a US$400 million Eurobond which was quickly snapped up by investors. Kenya intends to raise US$1 billion before the

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