East Africa
East Africa is one of the regions of Africa which has developed positively over the past few years and which has come well out of the financial turmoil. Compared to Uganda, Tanzania and Rwanda, Kenya is the country with the strongest economy and has also made the most progress in terms of privatization. Besides the traditionally important agricultural sector, tourism has gained importance as a new industry. Even if the need for reform continues to be considerable in the region, East Africa offers investors some potential, especially with regard to telecommunications or energy supply by renewable energy, or also in agribusiness and the food industry.
The staff of the representative office of DEG in Nairobi with Office Director Eric Kaleja (second from the right).
DEG has been active in East Africa since its foundation and has provided financing to a total of nearly 380 million euros for more than 150 enterprises in the region. The current portfolio covers a financing volume of approximately 140 million euros. Over the past few years, DEG has repeatedly provided long-term financing for telecommunications projects of mobile network providers in East Africa. DEG has also been present in Nairobi since early 2005 for its clients and for disseminators.
