For as long as private capital arrangements have existed across the East African region, one major peril has been lurking in the shadows, giving Private Equity (PE) fund managers nightmares: the exit problem.

Over the preceding year, the African Private Capital industry has closely mirrored global macroeconomic trends, grappling with multiple challenges that have collectively shaped its performance. A comprehensive analysis reveals a confluence of factors, including depressed GDP rates, elevated inflation, high interest rates, and the depreciation of local currencies against foreign exchange.