A case for reform: Is the Kenyan regulatory framework for private equity adequate?
Orata, Pamellah A
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The private equity industry in Kenya, though young, continues to show a lot of promise in terms of high returns and is likely to experience tremendous growth. This growth can be attributed to increased lending and investment in various sectors of the economy such as agriculture, health and energy.1 Over the years, private equity has gained wide acceptance among many investors as a preferred alternative investment class. It is very important that the Kenyan legal regime regulating private equity be equipped to support and deal with these changes. It should not only protect the investors but it should also promote market efficiency and not unnecessarily constrain its market operations.