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

Toluwani Adedeji, Analyst, Research

Africa Research

Africa Startup Funding: Who is Getting Backed?

26 April 2023
Africa’s tech ecosystem has attracted unprecedented levels of capital over the last several years, with VC investment reaching nearly USD3.2b in 2021 and USD2.8b in 2022. New geographies and tech… Read More

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

Egypt’s Kazyon Raises USD165 Equity Investment

Egypt-based discount supermarket chain Kazyon raised a USD165m investment from DPI, BII, South Suez and others.  Read More

Logos Ventures Leads USD2.5m Seed Round for Senegal’s Chargel

Logos Ventures led a USD2.5m seed round for Chargel, a Senegal-based trucking logistics platform, with participation from Ventures Platform, Foundation Botnar, DFS Labs and Seedstars. Read More

DPI-led Consortium Acquires Cote d’Ivoire’s Solevo

A consortium of investors led by DPI acquired Solevo, a Cote d’Ivoire-based distribution platform for specialty chemicals, from Helios Investment Partners. South Suez and DEG co-invested in the buyout. Read More

Amethis and Diot-Siaci To Acquire Stake in Morocco’s ASK Gras Savoye Group

Amethis and Diot-Siaci agreed to acquire a stake in ASK Gras Savoye Group, a Morocco-based insurance broker and risk advisory company. Read More

Spotlight on Better Tech: Tricog Health

Company: Tricog Health Co-Founders: Dr. Charit Bhograj (CEO), Zainul Charbiwala (CTO) Headquarters: Singapore Markets of Operation: India, Southeast Asia and Africa Investors: Blume Ventures, Inventus Capital, University of Tokyo Edge… Read More

DPI and Amethis Acquire Stake in Egypt’s Marcyrl

DPI and Amethis acquired a stake in Marcyrl, an Egypt-based pharmaceuticals manufacturer focused on specialty generic drugs.  Read More

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