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

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

Admaius Leads USD100m Series C+ for MFS Africa

Admaius Capital Partners led a USD100m debt and equity Series C extension for Ghana-based digital payments network MFS Africa, with participation from Vitruvian Partners and AXA IM Alts and follow-on… Read More

Beyond Capital Ventures Leads USD2m Round for Uganda’s XENO

Beyond Capital Ventures led a USD2m seed round for XENO, a Uganda-based investment management platform.  Read More

ARCH EM, Bank of America and Microsoft Climate Innovation Fund Commit USD25m To Africa’s CrossBoundary Energy Access

ARCH Emerging Markets Partners, Bank of America and Microsoft Climate Innovation Fund committed USD25m to CrossBoundary Energy Access (CBEA), an Africa-based solar powered mini-grid project financing facility. CBEA also received… Read More

Launch Africa Ventures Reaches USD36.3m Final Close for Early-stage VC Fund

Launch Africa Ventures reached a USD36.3m final close for its first fund. The vehicle will invest in early-stage B2B and B2B2C startups across Africa. Read More

DFC Commits USD40m to Africa Funds

DFC has agreed to invest a combined USD40m to two Africa-focused funds, including USD25m to West Africa-focused PE fund Uhuru Growth Fund I and USD15m to women-led tech-focused vehicle Norrsken22… Read More

Red Med Reaches ~USD30m First Close for Morocco PE Fund

Red Med Capital reached a MAD300m (~USD30m) first close for Columbus I. The PE fund, which has a MAD1.1b (~USD110m) target, will invest in Moroccan businesses whose capitalization has been… Read More

AfricInvest and Proparco Lead USD8m Series A for Tunisia’s GoMyCode

AfricInvest, through its Cathay AfricInvest Innovation Fund, and Proparco led a USD8m Series A for Tunisia-based edtech GoMyCode, with participation from Wamda Capital. Read More

AIIM, Royal Bafokeng and SUEZ To Acquire South Africa’s EnviroServ From Rockwood

A consortium of investors comprising African Infrastructure Investment Managers, Royal Bafokeng Holdings and SUEZ agreed to acquire South Africa-based waste management company EnviroServ from Rockwood Private Equity for an undisclosed… Read More

Proparco Commits USD12m to Africa-focused Maris

Proparco, through AFD Group’s FISEA+ initiative, committed USD12m to Maris Limited, an impact investor targeting investments in startups and SMEs in the renewable energy, agriculture and business services sectors in… Read More

Target Global Leads USD3m Seed Round for Nigeria’s Indicina

Target Global led a USD3m seed round for Indicina, a Nigeria-based credit infrastructure platform, with participation from Greycroft and RV Ventures. Read More

Inside Capital Partially Exits Mauritius’ WeCycle

Inside Capital partially exited Mauritius-based waste collection and recycling company WeCycle via a trade sale for an undisclosed amount. Read More

AIIM IDEAS Managed Fund Acquires Three Solar Power Plants in South Africa

African Infrastructure Investment Managers, through its IDEAS Managed Fund, acquired majority stakes in three new solar power plants in South Africa for an undisclosed amount. Read More