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

Rocket Internet, Global Founders and P1 Ventures Lead USD5m Seed Round for Morocco’s Chari.ma

Rocket Internet, Global Founders and P1 Ventures led a USD5m seed round for Morocco-based fintech and B2B e-commerce Chari.ma, with participation from Plug and Play, Y Combinator, Village Capital, Orange… Read More

AfricInvest Acquires Minority Stake in Nigeria’s Royal Exchange General Insurance Company

AfricInvest, through its evergreen PE fund FIVE, acquired a minority stake in RoyalExchange General Insurance Company, a Nigeria-based insurance company, for an undisclosed amount. Read More

Ninety One Acquires 10% Stake in South Africa’s Truworths

Ninety One acquired a 10% stake in South Africa-based fashion retailer Truworths for an undisclosed amount. Read More

A.P. Moller Acquires 44% Stake in Cape Verde’s Cabeolica

A.P. Moller acquired a 44% stake in Cape Verde-based wind energy producer Cabeolica from Africa Finance Corporation via a secondary deal for an undisclosed amount. Read More

DPI Reaches USD900m Final Close for ADP III

Development Partners International reached a USD900m final close for African Development Partners III (ADP III), with an additional USD250m of dedicated co-investment capital. The fund will invest in established and… Read More

DPI Reaches USD900m Final Close for ADP III

Development Partners International (DPI) announced that African Development Partners III Fund (ADP III) has held a final close at USD900m, with an additional USD250m of dedicated co-investment capital commitments. Investors… Read More

Adiwale Partners Reaches ~USD70m Final Close for Fund I

Adiwale Partners reached a EUR60m (~USD70m) final close for Adiwale Partners Fund I. The vehicle will provide growth capital to SMEs primarily in Côte d’Ivoire, Senegal, Mali and Burkina Faso.… Read More

ARCH EM Partners Provides USD2.5m in Financing to South Africa’s Sun Exchange

ARCH Emerging Market Partners, through its Africa Renewable Power Fund, provided USD2.5m in financing to South Africa-based solar leasing platform Sun Exchange in the form of a convertible note. ARCH… Read More

DPI Partially Exits Nigeria’s Food Concepts via Sale to ACA

DPI sold a 31% stake in Nigeria-based QSR group Food Concepts to African Capital Alliance for an undisclosed amount. DPI will retain a majority stake in the company. Read More

SoftBank Leads USD200m Series E for HRtech Andela

SoftBank Vision Fund 2 led a USD200m Series E for Andela, a platform for building remote tech teams in Africa and other markets, at a reported USD1.5b valuation, with participation… Read More

BluePeak Private Capital Reaches USD115m First Close for Africa Private Credit Fund

BluePeak Private Capital reached a USD115m first close for its BluePeak Private Capital Fund, a private credit and mezzanine vehicle with an initial target size of USD200m. The fund will… Read More

Flat6Labs Reaches USD10m Close for Tunisia Seed Fund

Flat6Labs reached a USD10m close for its Anava Seed Fund targeting early-stage investments in Tunisian startups, surpassing its initial target size of USD3m. Read More