fbpx
Business NewsNews

East African countries are losing billions in investment funds because of a lack of financial data

Due to a lack of data for adequate investment research, East Africa is losing potential business from external investors.Infomation Guide Nigeria

The management consulting firm Deloitte revealed in its macroeconomic outlook publication that foreign investors are more focused on sectors such as energy, fastmoving consumer goods, and financial services because they lack confidence in the profitability of indigenous small and medium-sized enterprises (SMEs) in East Africa.

👉 Relocate to Canada Today!

Live, Study and Work in Canada. No Payment is Required! Hurry Now click here to Apply >> Immigrate to Canada

Private equity, venture capital, and development finance institutions (DFIs) all share the same concern of overpaying for assets in local enterprises. Foreign investors seeking to access the region are alarmed by the absence of reputable data pools from which to derive an accurate assessment.

Deloitte observed that the majority of investors seeking to deploy capital in the East African region have raised worries about the quality of assets, the reasonableness of their valuation asking prices, and the equity of market pricing.

In addition, the consulting firm outlined a number of factors that have lost the East African region billions of dollars in potential investment capital.
“Principal obstacles encountered during due diligence include tight deadlines, inadequacy in the finance function’s skills, and poor quality financial information. Inadequate due diligence carries the danger of an inaccurate estimate of the target’s ability to continue as a going concern, resulting in an uninformed merger or acquisition. Deloitte said.

Other Top Stories:

Kenya, which has become the economic centre of Africa, currently absorbs the majority of external financial investments in the region.

Kenya had 68 of the 91 business transactions documented in the region this year, or almost 75 percent. I&M Burdge Capital, an advising firm, conducted this poll. Uganda has 15, Tanzania has 5, and Rwanda has 3, according to survey data.

39 of the 91 transactions involve venture capital investments, 31 involve private equity and Development Finance Institution (DFI) investments, and 15 involve mergers and acquisitions.

ICT and telecommunications, with 33 deals this year, are the most soughtafter industry in these transactions. Behind it at 18 are financial services. Logistics, healthcare, and energy each have six transactions, while manufacturing and agribusiness each have only five.Jamb Result 

Check Jamb Result 
Check and Confirm: How much is Dollar to Naira

👉 Relocate to Canada Today!

Live, Study and Work in Canada. No Payment is Required! Hurry Now click here to Apply >> Immigrate to Canada

 

👇👇👇👇👇

Information is Power!

Don’t miss any valuable information or opportunity that can change your life, business, and family positively and permanently.

👇👇👇👇👇

Click here to subscribe!

For Latest updates on News, Scholarships, Jobs & Business Ideas, and Other Opportunities.

👍Advertise your business on InfoGuideNigeria.com!

From just N9,999 per month, you can advertise your products and services to over 1,500,000 monthly users on our website. Click here to read more.

 

 

Copyright Warning!

Contents on this website may not be republished, reproduced, or redistributed either in whole or in part without due permission or acknowledgment.
.
Proper acknowledgment includes, but not limited to (a) LINK BACK TO THE ARTICLE in the case of re-publication on online media, (b) Proper referencing in the case of usage in research, magazine, brochure, or academic purposes,.
.
All contents are protected by the Digital Millennium Copyright Act 1996 (DMCA).

.


The images, except where otherwise indicated, are taken directly from the web, if some images were inserted by mistake violating the copyright, please contact the administrator for immediate removal.

.
We publish all content with good intentions. If you own this content & believe your copyright was violated or infringed, please contact us  for immediate removal.

🤑 Start Making Money from home today!

👉 Get the correct FREE FOOTBALL PREDICTION TIPS and Guides today. Click here

.

🤑 Make Money now!

👉 Make money writing for us. Apply for Freelance writing jobs in Nigeria.

👉 Make Money as InfoGuideNigeria Advertising Agents, read more here

.

Emediong Ekpe

Emediong Ekpe is a graduate of English. A professional Sports journalist/analyst, and a spoken word artist. He is passionate about decimating information and putting smiles on people's faces via news writing.

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button

It looks like you're using an ad blocker!

This website InfoGuideNigeria.com is maintained by the advertising revenue and we noticed you have ad-blocking enabled. Please disable Ad-Blocker