Luanda, Angola
RODGER BOSCH/AFP via Getty Images

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 & Special Projects

Toluwani Adedeji, Analyst, Research

Africa Research

2022 Africa Data Insight

March 22, 2022
GPCA members should use their member login to download an accompanying Excel Data Pack containing all underlying data, including a full list of funds reaching a close and investments in… Read More

2022 Global Private Capital Industry Data & Analysis

February 16, 2022
GPCA members can log in to download the complete 2022 Industry Data & Analysis Excel file. GPCA data through year-end 2021 across Asia, Latin America, Africa, CEE and the Middle… Read More

Mid-Year 2021 Global Private Capital Industry Data & Analysis

September 16, 2021
GPC 1H 2021 data on fundraising, investment and exit activity across Asia, Latin America, Africa, CEE and the Middle East   Key data takeaways:   All major markets posted year-over-year gains… Read More

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

2021 Trends In Global Tech

May 25, 2021
Investments in Africa, Asia, CEE, Latin America and the Middle East EMPEA’s 2021 report on global venture investment traces venture capital (VC) flows across Africa, Asia, CEE, Latin America and… Read More

2021 Data Insights

March 31, 2021
Data Insights The 2021 Data Insights feature data and analysis on private capital activity in China, India, Southeast Asia, Africa and Central & Eastern Europe (CEE) through year-end 2020. This year, members also have access to LAVCA’s… Read More

2021 Climate Data Insight

November 2, 2021
Based on GPCA’s newly developed taxonomy of climate-dedicated businesses, the 2021 Climate Data Insight covers climate-focused private capital activity in Asia, Latin America, Africa, Central & Eastern Europe and the… Read More

Africa News

AfricInvest Exits Cote d’Ivoire’s Bridge Group West Africa

AfricInvest through its funds AfricInvest II and AfricInvest Financial Sector Fund exited Bridge Group West Africa, a Cote d’Ivoire-based financial services holding company controlled by Teyliom International Group, for an… Read More

Ninety One, TriLinc Global, Others Provide USD425m in Financing to Ghana’s Genser Energy

Genser Energy, a Ghana-based natural gas independent power producer, closed an eight-year USD425m financing package consisting of a USD325m syndicated senior loan facility and a USD100m mezzanine loan. Standard Bank… Read More

Mirova SunFunder and TDB Lead USD50m Debt Round for Kenya’s d.light

Mirova SunFunder and TDB co-arranged a USD50m debt facility for d.light, a Kenya-based, pay-as-you-go solar platform, with participation from FMO. Read More

DP World’s Imperial Closes First Tranche of Three-Tranche Acquisition of Mozambique’s Private Equity-Backed J&J Group at USD300m Enterprise Value

DP World-owned Imperial completed the acquisition of a 51% stake in J&J Group, a Mozambique-based logistics company backed by Alterra Capital Partners and Ethos, at an enterprise value of USD300m.… Read More

Sudan’s Bloom Raises USD6.5m Seed Round from Visa, Y Combinator, Global Founders Capital, Goodwater Capital, VentureSouq, Others

Sudan-based digital banking startup Bloom raised a USD6.5m seed round from Global Founders Capital, Y Combinator, Visa, Goodwater Capital, VentureSouq and angels. Read More

AfricInvest and Cathay Capital Reach ~USD111m Final Close for African Joint Venture Fund

AfricInvest and Cathay Capital reached a EUR110m (~USD111m) final close for their joint pan-African venture fund focusing on early- to growth-stage startups in fintech, mobility, healthtech, edtech, AI, digital content… Read More

I&P Launches ~USD4m Digital Energy Program for Africa and Southeast Asia; Invests in Senegal’s Delta

Investisseurs & Partenaires (I&P) has launched I&P Digital Energy, a EUR4m (~USD4m) seed financing program funded by the European Commission and implemented by the French Development Agency, Gaia Impact Fund… Read More

C5 Capital Invests USD50m in Zimbabwe’s Cassava Technologies

C5 Capital invested USD50m in Cassava Technologies, an Africa-focused, Zimbabwe-founded IT provider. C5 portfolio company Haven Cyber and Cassava had previously established a joint venture to scale Microsoft’s cybersecurity products… Read More

Norfund and KLP Invest USD40m in Kenya’s CrossBoundary Energy

Norfund and KLP acquired an equity stake in CrossBoundary Energy, a Kenya-based commercial and industrial renewable energy company, for USD40m through their joint company KLP Norfund Investments. CrossBoundary previously raised… Read More

Ascent Capital Reaches Final Close for Second East Africa Fund

AsAscent Capital reached a final close for Ascent Rift Valley Fund II. The vehicle, which reached a USD100m first close in May 2021, acquires large minority or majority stakes in… Read More

Proparco and Ascent To Acquire Majority Equity Stake in Kenya’s Diani Beach Hospital

Proparco and Ascent, through its Ascent Rift Valley Fund II, have acquired a majority stake in Kenya-based Diani Beach Hospital for an undisclosed amount. Read more here and h Read More

I&P To Invest in Senegal’s Delta SA

I&P, through its fund I&P Afrique Entrepreneurs 2, has agreed to an equity investment in DELTA SA, a Senegal-based sanitation and construction company, for an undisclosed amount.  Read More