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

FMO, Force Over Mass Capital and NN Group Lead USD18m Series A for Egypt’s Dopay

FMO, Force Over Mass Capital and NN Group led a USD18m Series A for Egypt-based fintech Dopay, with participation from Alder Tree Investments and Mbuyu Capital. Read More

Cathay AfricInvest Innovation Fund Leads USD25m Series B for Nigeria’s 54Gene

Cathay AfricInvest Innovation Fund led a USD25m Series B for Nigeria-based genomics company 54gene, with participation from KdT Ventures, Plexo Capital, Endeavor Catalyst and Ingressive Capital, and follow-on from Adjuvant… Read More

Africa Capitalworks Invests in Nigeria’s Dorman Long Engineering

Africa Capitalworks made an undisclosed investment in Nigeria-based engineering services company Dorman Long Engineering. Read More

CDC Commits USD60m to Vantage Capital and BluePeak Funds

CDC Group, through its African Private Credit Fund Strategy, invested USD30m in Vantage Mezzanine Fund IV and committed USD30m to BluePeak Private Capital Fund I. Read More

Quona Capital and MSA Capital Lead USD33m Series A for Egypt’s Capiter

Quona Capital and MSA Capital led a USD33m Series A for Capiter, an Egypt-base B2B marketplace for the manufacturing industry, with participation from Savola, Shorooq Partners, Foundation Ventures, Accion Venture… Read More

FEI Leads ~USD71m Debt Facility for AktivCo Subsidiaries

The Facility for Energy Inclusion (FEI), managed by Lion’s Head Global Partners, led a EUR60m (~USD71m) multi-country debt facility for the African subsidiaries of energy services company AktivCo. FEI is… Read More

Amethis Acquires Minority Stake in South Africa’s Avacare Global

Amethis acquired an undisclosed minority stake in Avacare Global, a pan-African distributor and manufacturer of pharmaceuticals and healthcare consumable products. Read More

DPI, Apis Partners, Lorax, Others Invest USD120m in Egypt’s MNT-Halan

Egypt-based fintech MNT-Halan received a USD120m investment from Apis Growth Fund II, Development Partners International, Lorax Capital Partners, Middle East Venture Partners, Endeavor Catalyst and DisruptTech. Read More

Sequoia, Founders Fund, Ribbit and Stripe Lead USD200m Series A for Senegal’s Wave

Sequoia Heritage, a subsidiary of Sequoia Capital, Founders Fund, Stripe and Ribbit Capital led a USD200m Series A for Wave, a Senegal-based mobile money platform, with follow-on from Partech Africa… Read More

Sanlam Reaches ~USD34.5m First Close for Sustainable Infrastructure Fund

Sanlam Investments reached a ZAR500m (~USD34.5m) first close for its Sustainable Infrastructure Fund. The vehicle has an initial target size of ZAR5b (~USD346m) and will mostly provide debt financing for… Read More

Amethis Sells 22% Stake in Burkina Faso’s Sodigaz to AIIM

Amethis sold its 22% stake in Sodigaz APC, a gas bottle distributor in Burkina Faso, to African Infrastructure Investment Managers for an undisclosed amount. Read More

LoftyInc Capital Reaches USD5.5m First Close for Africa Tech Fund

LoftyInc Capital Management reached a USD5.5m first close for LoftyInc Afropreneurs Fund 3. The vehicle, which has an initial target size of USD10m, will make investments in Africa, with a… Read More