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

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

Africa News

AfricInvest, Goodwell and LUN Partners Lead USD70m Series C for MFS Africa

AfricInvest Five, Goodwell Investments and LUN Partners Group led a USD70m Series C for Ghana-based digital payments network MFS Africa, with participation from ShoreCap, CommerzVentures, Allan Gray Ventures, Endeavor Catalyst… Read More

STANLIB Invests ~USD156m in New GX to Establish Digital Infrastructure Platform in South Africa

STANLIB Asset Management invested ~ZAR2.4b (~USD156m) in New GX Investments, a South Africa-based investment holding company active in the digital telecommunications infrastructure sector. The partnership aims to create a long-term… Read More

Actis to Acquire Radisson Blu Nairobi

Actis, through its Actis Africa Real Estate Fund 3, has agreed to acquire the company that operates the Radisson Blu, a 271-room hotel in Kenya, for an undisclosed amount. Read… Read More

CDPQ Leads USD70m Series B for Kenya’s Sama

CDPQ led a USD70m Series B for Kenya-based AI company Sama, with participation from First Ascent Ventures, Salesforce Ventures and Vistara Growth, and follow-on from existing investors. Read More

Fidelity Leads USD120m Round for South Africa’s JUMO

Fidelity Management & Research Company led a USD120m round for JUMO, a South African platform for building fintech products, with participation from Visa and Kingsway Capital.  Read More

Finnfund Invests USD10m in Morocco’s CIM Santé Group

Finnfund, through its OP Finnfund Global Impact Fund I, invested USD10m for an undisclosed stake in Morocco-based healthcare group Cliniques Internationales du Maroc Group. Read More

InfraCo Africa and Helios to Establish USD350m Climate-Focused Fund for Africa

InfraCo Africa and Helios Investment Partners have joined forces to establish a pan-African investment vehicle: Climate, Energy Access and Resilience (CLEAR). The fund, which has an initial target size of… Read More

CDC Group, Finnfund, Norfund and New Forests Propose USD500m Partnership for Sustainable Forestry in Sub-Saharan Africa

CDC Group, Finnfund, Norfund and New Forests announced a proposed USD500m partnership to develop investment strategies designed to scale and transform the sustainable forestry sector in sub-Saharan Africa. Read More

FTX Leads USD150m Series C+ for Africa’s Chipper Cash

FTX led a USD150m Series C extension for African cross-border payments company Chipper Cash, with follow-on from SVB Capital, Deciens Capital, Ribbit Capital, Bezos Expeditions, One Way Ventures and Tribe… Read More

Creadev Leads USD50m Series C for Kenya’s Twiga Foods

Creadev led a USD50m Series C for Twiga Foods, a Kenya-based B2B e-commerce food distribution platform, with participation from OP Finnfund Global and Endeavor Catalyst Fund, and follow-on from TLcom… Read More

TLCom and 4DX Ventures Lead USD13m Seed Round for Nigeria’s Autocheck

TLCom Capital and 4DX Ventures led a USD13m seed round for Autochek, a Nigeria-based auto financing and services marketplace, with participation from ASK Capital, Mobility 54 and CFAO Group, and… Read More

EXEO Capital Invests in South Africa’s Fairview Cheese Company

EXEO Capital, through its new food sector investment vehicle Nature Foods, made an undisclosed investment in South Africa-based cheese company The Fairview Cheese Company. Read More