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

Actis-Backed Honoris United Universities Acquires South Africa’s FEDISA Fashion School

Actis-backed Honoris United Universities agreed to acquire South Africa-based fashion and design institution FEDISA Fashion School. Honoris United Universities acquired Egypt-based Merit University in December 2021. Read More

Vantage Provides ~USD28.4m Mezzanine Financing for South Africa’s Seaton Estates

Vantage Capital agreed to provide ZAR430m (~USD28.4m) in mezzanine funding for the development of Seaton Estates, a residential coastal development located on the North Coast of Kwa-Zulu Natal, South Africa.… Read More

Ethos and BluePeak Invest USD31.5m in Mauritius’ Grit Real Estate Income

Ethos Mezzanine Partners and BluePeak Private Capital invested USD31.5m in Grit Real Estate Income Group, a pan–African real estate company headquartered in Mauritius. Read More

Goodwell Leads USD50m Series C for Kenya’s Copia Global

Goodwell Investments led a USD50m Series C for Copia Global, a Kenya-based e-commerce logistics platform, with participation from Zebu Investment Partners, DFC and Koa Labs, and follow-on from Lightrock, DEG… Read More

Africa50 Leads USD28m Series C for Kenya’s Poa Internet

Africa50 led a USD28m Series C for Kenya-based ISP Poa Internet, with follow-on from Novastar. Read More

Phatisa Acquires South Africa’s Deltamune

Phatisa, through its Phatisa Food Fund 2, acquired 100% of South Africa-based biotech Deltamune, together with the company’s management, from HL Hall & Sons Investments for an undisclosed amount. Read… Read More

Verdant Capital Reaches USD36m First Close for Hybrid Fund

Verdant Capital reached a USD36m first close for its Verdant Capital Hybrid Fund. The vehicle, which has an initial target size of USD100m, will invest hybrid capital and subordinated debt… Read More

FinDev Commits up to USD13m to Triple Jump’s Energy Entrepreneurs Growth Fund

FinDev Canada committed up to USD13m to Energy Entrepreneurs Growth Fund. The vehicle is managed by Triple Jump and aims to offer financing and technical assistance to early- and growth-stage… Read More

TLcom Leads USD10m Series A for Nigeria’s SeamlessHR

TLcom Capital led a USD10m Series A for SeamlessHR, a Nigeria-based, cloud-based HR and payroll software, with participation from Capria Ventures and follow-on from Lateral Frontier Ventures, Enza Capital and… Read More

I&P Leads USD6.2m Pre-Series A for Côte d’Ivoire’s ANKA

I&P led a USD6.2m pre-Series A for ANKA (formerly Afrikea), a Côte d’Ivoire-based e-commerce platform, with participation from Joe Tsai (Alibaba), BESTSELLER Foundation, VestedWorld, Enigmo, Groupe Prunay, Rising Tide Africa… Read More

500 Global and Unicorn Growth Lead USD5.3m Seed Round for Nigeria’s ThankUCash

500 Global and Unicorn Growth Capital led a USD5.3m seed round for ThankUCash, a Nigeria-based, multi-merchant rewards platform, with participation from Expert Dojo, Predictive VC, SaaS Growth Ventures, Betatron Venture… Read More

YC, Afore, FJ Labs, Others Invest USD3.2m Seed Round for Namibia’s JABU

JABU, a Namibia-based, last-mile e-commerce distribution startup, raised a USD3.2m seed round from YC, Afore Capital, FJ Labs, Quiet Capital, Kli Capital and Pareto Capital.  Read More