Luanda, Angola
RODGER BOSCH/AFP via Getty Images

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

2023 Trends in Global Tech

21 February 2023
Overview GPCA’s annual Trends in Global Tech report traces venture capital flows across Africa, India, China, Southeast Asia, Latin America, Central & Eastern Europe and the Middle East. Amidst a… Read More

2023 Industry Data & Analysis

21 February 2023
Private capital investment activity across GPCA’s markets remained strong by historical standards in 2022, with fund managers deploying USD208b.  Overall deal value declined 22% from 2021, yet 2022 was still… Read More

2022 MENA Data Insight

7 September 2022
The global digital revolution has breathed new life into the Middle East and North Africa (MENA) private capital industry following a long stretch of low activity. Additional analysis includes: A… Read More

2022 Africa Data Insight

22 March 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

16 February 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

16 September 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

31 March 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)

10 September 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

25 May 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

31 March 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

2 November 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

BlackRock-backed Climate Finance Partnership Acquires Kenya’s Turkana Wind Power Limited

Climate Finance Partnership, a vehicle managed by BlackRock Alternatives, agreed to acquire Turkana Wind Power Limited, a Kenya-based wind farm. The deal will facilitate an exit for Finnfund. Read More

Mediterrania Capital To Lead USD71.9m Investment in Morocco’s Laprophan

Mediterrania Capital agreed to lead a USD71.9m investment in Laprophan, a Morocco-based pharmaceuticals company, with participation from Proparco, FMO, and DEG. The investment is pending approval from the Moroccan Competition… Read More

Norfund and Ethos Mezzanine Partners Invest USD25m in Kenya’s Balaji Group

Norfund and Ethos Mezzanine Partners invested USD25m in Balaji Group, a Kenya-based clothing manufacturer.  Read More

Kenya’s Workpay Raises USD2.7m Pre-Series A

Workpay, a Kenya-based HR payroll platform backed by YC, raised a USD2.7m pre-Series A from Launch Africa, Saviu Ventures, Acadian Ventures, Axian, P1 Ventures, Norrsken and others. Read More

DOB Equity Leads USD3m Seed Round for Kenya’s Power Financial Wellness

DOB Equity led a USD3m seed round for Power Financial Wellness, a Kenya-based holistic financial services platform, with participation from Bolt by QED Investors, Quona Capital, Zephyr Acorn and Norrsken… Read More

Connecting Fund Managers with Impact Investors’ Tax Principles

The purpose of this article is to initiate communication between multilateral and bilateral development finance institutions (‘’DFIs”) and private equity fund managers (“FMs”) that seek to attract DFI funding for… Read More

Costanoa Ventures and Norrsken22 Lead USD20m Series B for Nigeria’s Smile Identity

Costanoa Ventures and Norrsken22 led a USD20m Series B for Smile Identity, a Nigeria-based KYC compliance and identity verification provider, with participation from Commerce Ventures, Courtside Ventures and Two Culture… Read More

Global Ventures and Delivery Hero Ventures Lead USD16m Series B for Egypt’s Yodawy

Global Ventures and Delivery Hero Ventures led a USD16m Series B for Yodawy, an Egypt-based healthtech that connects pharmacies, insurance companies and pharmaceuticals with patients, with follow-on from AAIC Investment,… Read More

Egypt’s Gameball Raises USD3.5m Seed Round

Egypt-based CRM platform Gameball raised a USD3.5m seed round from 500 Global, P1 Ventures, Launch Africa, Seedra Ventures, Arzan Ventures and others. Read More

Adiwale Partners and I&P Acquires Minority Stake in Ghana’s VoltaCars Rental Services

Adiwale Partners and Investisseurs & Partenaires (I&P) acquired a minority stake in VoltaCars Rental Service (VRS), a Ghana-based vehicle leasing company. Adiwale acquired VRS through its maiden Adiwale Fund I,… Read More

AfricInvest Invests in Nigeria’s Justrite

AfricInvest, through its fourth flagship fund, invested in Nigeria-based retail chain Justrite. Read More

Lion’s Head EIF To Provide ~USD8m Credit Facility in Mali’s SolarX

The Energy Inclusion Facility (EIF), managed by Lion’s Head Global Partners, agreed to provide a EUR7.5m (~USD8m) credit facility for SolarX, a Mali-based developer of commercial and industrial (C&I) solar… Read More