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 MENA Data Insight

September 7, 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

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

Helios To Invest USD50m in Kenya’s IXAfrica

Helios Investment Partners agreed to invest USD50m in IXAfrica, a Kenya-based data center developer and operator. Read More

BlueOrchard and OP Financial To Provide USD20m Debt for Africa Mobile Networks

Africa Mobile Networks, a UK-based telecom provider focused on rural Sub-Saharan Africa, agreed to raise USD20m in debt from BlueOrchard Sustainable Assets Fund and OP Finnfund Global Impact Fund I,… Read More

BOND Leads USD150m Series B for Algeria’s Yassir

BOND led a USD150m Series B for Yassir, an Algeria-based super app focused on Francophone Africa, with participation from DN Capital, Dorsal Capital, Quiet Capital, Y Combinator, Spike Ventures (formerly… Read More

Mediterrania Exits Tunisia’s GSRD

Mediterrania Capital Partners exited Tunisia-based private education company Groupe Scolaire René Descartes (GRSD), through a management buyout. Mediterrania first invested in GSRD in January 2018 through its second fund. Read… Read More

Egypt’s Money Fellows Raises USD31m Series B Led by CommerzVentures, MEVP and Arzan VC

Money Fellows, an Egypt-based fintech enabling community lending, raised a USD31m Series B led by CommerzVentures, Middle East Venture Partners and Arzan VC, with participation from Invenfin, National Investment Company,… Read More

Sanabil Investments Leads USD40m Series A for Egypt’s Classera

Sanabil Investments led a USD40m Series A for Classera, an Egypt-based edtech focused on emerging markets, with participation from Global Ventures, Endeavor Catalyst, 500 Global, Sukna Venture, and Seedra Ventures.… Read More

BII & Others Invest USD200m in African Forestry Impact Platform (AFIP)

African Forestry Impact Platform (AFIP) raised USD200m from New Forests, BII, Norfund and Finnfund, and announced its first investment, an acquisition of Green Resources, the largest East Africa-based forest development… Read More

Emso Asset Management Provides ~USD15m Debt Financing for Nigeria’s Moove

Emso Asset Management provided EUR15m (~USD15m) in debt financing for Moove, a Nigeria-based vehicle financing platform for rideshare workers. Read More

Egypt’s MaxAB Raises USD40m Pre-Series B

MaxAB, an Egypt-based B2B food and grocery delivery platform, raised USD40m from ADQ, BII and Silver Lake, with follow-on from 4DX Ventures, Flourish Ventures, Beco Capital and Africa Platform Capital.… Read More

Gulf Capital Exits Tunisia’s CHO Group

Gulf Capital exited CHO Group, a Tunisia-based olive oil producer and exporter, generating an over 15% IRR. Gulf invested USD22m in CHO in December 2018 through Gulf Capital Credit Opportunities… Read More

Egypt’s FlapKap Raises USD3.6m Seed Round from QED, Global Ventures, Outliers and A15

FlapKap, an Egypt-based revenue-based financing platform for e-commerce businesses, raised a USD3.6m seed round from QED Investors, Global Ventures’ Nclude fund, Outliers Ventures and A15. Read More

Global Founders and Sequoia Lead USD20m Seed Round for Egypt’s Telda

Global Founders Capital and Sequoia Capital led a USD20m seed round for Telda, an Egypt-based P2P payments platform, with participation from Block (formerly Square). Read More