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 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

Apis Partners To Exit South Africa’s Retail Capital to TymeBank

Apis Partners, through its fund Apis Growth Fund I, has agreed to exit its 11.7% stake in Retail Capital, a South Africa-based fintech that provides SME financing, to TymeBank, another… Read More

Oui Capital Reaches ~USD11m First Close for Second Pan-Africa Seed-stage Venture Fund

Oui Capital reached a ~USD11m first close for its second fund Mentors Fund II. The vehicle focuses on pan-Africa pre-seed- and seed-stage startups and has a target of USD30m. Read… Read More

Egypt’s Homzmart Raises USD23m Pre-series B from STV and Existing Investors

Egypt-based furniture and home goods e-commerce platform Homzmart raised a USD23m pre-Series B from STV and existing investors Impact46, Outliers Ventures, Rise Capital and NUWA Capital. The startup raised USD17m… Read More

AfricInvest Exits Cote d’Ivoire’s Bridge Group West Africa

AfricInvest through its funds AfricInvest II and AfricInvest Financial Sector Fund exited Bridge Group West Africa, a Cote d’Ivoire-based financial services holding company controlled by Teyliom International Group, for an… Read More

Ninety One, TriLinc Global, Others Provide USD425m in Financing to Ghana’s Genser Energy

Genser Energy, a Ghana-based natural gas independent power producer, closed an eight-year USD425m financing package consisting of a USD325m syndicated senior loan facility and a USD100m mezzanine loan. Standard Bank… Read More

Amethis Exits Ivory Coast’s Pétro Ivoire To State-owned CNPS

Amethis exited its minority stake in Pétro Ivoire, an Ivory Coast-based retail distributor of oil and gas, to state-owned Caisse Nationale de Prévoyance Sociale (CNPS) for an undisclosed amount. Amethis… Read More

Mirova SunFunder and TDB Lead USD50m Debt Round for Kenya’s d.light

Mirova SunFunder and TDB co-arranged a USD50m debt facility for d.light, a Kenya-based, pay-as-you-go solar platform, with participation from FMO. Read More

DP World’s Imperial Closes First Tranche of Three-Tranche Acquisition of Mozambique’s Private Equity-Backed J&J Group at USD300m Enterprise Value

DP World-owned Imperial completed the acquisition of a 51% stake in J&J Group, a Mozambique-based logistics company backed by Alterra Capital Partners and Ethos, at an enterprise value of USD300m.… Read More

Sudan’s Bloom Raises USD6.5m Seed Round from Visa, Y Combinator, Global Founders Capital, Goodwater Capital, VentureSouq, Others

Sudan-based digital banking startup Bloom raised a USD6.5m seed round from Global Founders Capital, Y Combinator, Visa, Goodwater Capital, VentureSouq and angels. Read More

AfricInvest and Cathay Capital Reach ~USD111m Final Close for African Joint Venture Fund

AfricInvest and Cathay Capital reached a EUR110m (~USD111m) final close for their joint pan-African venture fund focusing on early- to growth-stage startups in fintech, mobility, healthtech, edtech, AI, digital content… Read More

I&P Launches ~USD4m Digital Energy Program for Africa and Southeast Asia; Invests in Senegal’s Delta

Investisseurs & Partenaires (I&P) has launched I&P Digital Energy, a EUR4m (~USD4m) seed financing program funded by the European Commission and implemented by the French Development Agency, Gaia Impact Fund… Read More

C5 Capital Invests USD50m in Zimbabwe’s Cassava Technologies

C5 Capital invested USD50m in Cassava Technologies, an Africa-focused, Zimbabwe-founded IT provider. C5 portfolio company Haven Cyber and Cassava had previously established a joint venture to scale Microsoft’s cybersecurity products… Read More