Luanda, Angola

Private capital fund managers deployed nearly USD4b in the region in 2020; nearly half went to infrastructure, including transportation, digital infrastructure and renewable energy. Venture investment reached USD486m in 2020 across a record 159 transactions, with a focus on fintech, healthtech and agtech.

An archive of Africa research reports can be found here.

Members can access GPC Analytics for a ten-year archive of Africa private capital transactions and data cuts.

Research Team

Jeff Schlapinski, Managing Director, Research

Sabrina Katz, Manager, Research

Africa Research

Africa 2021 Data Insight

March 31, 2021
Africa private capital investment activity in 2020 remained on par with 2019 amidst delays in fundraising and exits African private capital investment activity in 2020 remained relatively resilient to the… Read More

Africa Data Insight (Mid-Year 2020)

September 10, 2020
EMPEA Members can log in to receive exclusive access to the full detailed report (PDF) and underlying data (Excel). Transaction volume remained consistent in 1H 2020 despite the onset of COVID-19-related lockdowns… Read More

Africa News

Ninety One’s EAIF Lends ~USD29.5m to Ivoire Hydro Energy Project

Ninety One’s EAIF agreed to provide EUR25m (~USD29.5m) in financing to Ivoire Hydro Energy to build a 44MW hydro electricity generation plant in Côte d’Ivoire. Read More

CrossBoundary, Oikocredit, Triodos and EDFI ElectriFI Provide Financing to Africa’s PowerGen

CrossBoundary Energy Access, Oikocredit, Triodos Investment Management and EDFI ElectriFI provided project financing to PowerGen, a developer of on-grid and off-grid distributed energy in Africa, to support the construction of… Read More

Convergence Partners Reaches USD120m First Close for Digital Infrastructure Fund

Convergence Partners reached a USD120m first close for its Convergence Partners Digital Infrastructure Fund. The vehicle has a target size of USD250m and will invest in the digital infrastructure ecosystem… Read More

Aflac Invests USD2b in Denham Capital & Commits USD100m to Latest Fund

Aflac Global Investments agreed to invest USD2b in Denham Capital to launch a new debt platform within Denham Sustainable Infrastructure for a 24.9% stake. Aflac also committed USD100m toward Denham’s… Read More

Metier-Led Consortium Invests USD36m in Africa Mobile Networks

A consortium led by Metier and including CDC Group, DEG and Proparco invested USD36m in Africa Mobile Networks, a developer and operator of mobile network base stations in Sub-Saharan Africa.… Read More

Mediterrania Capital Partners Invests in Morocco’s Dislog Industries

Mediterrania Capital Partners invested an undisclosed amount in Morocco-based FMCG manufacturer Dislog Industries through its MC III fund. Read More

BluePeak Invests USD16m in Tunisia Hygiene Products Company Sotupa

BluePeak Private Capital, through its BluePeak Private Capital Fund, invested USD16m in Tunisia-based disposable hygiene products company Sotupa. Read More

Novastar Leads USD4.2m Investment in West Africa-Focused Agtech Ignitia

Novastar Ventures led a USD4.2m financing round for Ignitia, a West Africa-focused agtech based in Sweden, with participation from Future Foodways, Mercy Corps, Norrsken and Finca International, and follow-on from… Read More

Bevy Acquires Egypt’s Eventtus; Algebra Ventures, MEVP, Others Exit

US-based enterprise event platform Bevy acquired Egypt-based event management software startup Eventtus for an undisclosed amount, facilitating an exit for Algebra Ventures, Middle East Venture Partners (MEVP), Raed Ventures, 500… Read More

Costanoa Ventures and CRE Ventures Lead USD7m Series A for Africa-Focused Identity Verification Startup Smile Identity

Costanoa Ventures and CRE Ventures led a USD7m Series A for Smile Identity, an Africa-focused identity verification startup, with participation from LocalGlobe, Intercept Ventures, Future Africa and angel investors, and… Read More

Vantage Capital Reaches USD207m First Close for Vantage Mezzanine Fund IV

Vantage Capital has reached a USD207m first close for its Vantage Mezzanine Fund IV. The vehicle, which has a target of USD350m, will provide mid-sized African businesses with flexible capital… Read More

MEVP, Global Ventures and Algebra Ventures Lead USD7.5m Series B for Egyptian Healthtech Yodawy

Middle East Venture Partners (MEVP), Global Ventures and Algebra Ventures led a USD7.5m Series B for Egypt-based healthtech Yodawy, with participation from CVentures, P1 Ventures and Athaal Angel Investors Group.… Read More