RODGER BOSCH/AFP via Getty ImagesPrivate 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 MENA Data Insight
September 7, 2022The 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
March 22, 2022GPCA 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, 2022GPCA 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, 2021GPC 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, 2021Africa 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, 2020EMPEA 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, 2021Investments 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, 2021Data 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, 2021Based 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
AfricInvest and Novastar Ventures Lead USD10m Series A for Kenya’s Turaco
AfricInvest, through its Cathay AfricInvest Innovation Fund, and Novastar Ventures led a USD10m Series A for Turaco, a Kenya-based insurance and credit solutions platform, with participation from Enza Capital, Global… Read More
Nigeria’s Kippa Raises USD8.4m Seed Round from Goodwater Capital, TEN13 VC, Rocketship.vc, Others
Kippa, a Nigeria-based financial management platform for merchants, raised ~USD8m in seed funding from Goodwater Capital, TEN13 VC, Rocketship.vc, Saison Capital, Crestone VC, VentureSouq, Horizon Partners and Vibe Capital. Read More
South Africa’s Sanari Capital Reaches ~USD27m First Close for 3S Growth Fund
Sanari Capital reached a ZAR475m (~USD27m) first close for its private equity Sanari 3S Growth Fund, which will target growth-stage companies mainly from South Africa with regional and global scalability… Read More
Bboxx To Acquire Ghana’s Private Capital-backed PEG Africa
Bboxx agreed to acquire PEG Africa, a Ghana-based off-grid solar energy provider backed by investors such as responsAbility Investments and Investisseurs & Partenaires, for an undisclosed amount. Bboxx’s investors include… Read More
Nigeria’s Duplo Raises USD4.3m Seed Round from Liquid2 Ventures, Soma Capital, Tribe Capital, Commerce Ventures, Basecamp Fund and Y Combinator
Duplo, a Nigeria-based B2B payments platform, raised a USD4.3m seed round from Liquid2 Ventures, Soma Capital, Tribe Capital, Commerce Ventures, Basecamp Fund and Y Combinator with follow-on from Oui Capital. Read… Read More
Amethis and Edmond de Rothschild Private Equity Reach ~USD120m Final Close for Second MENA-focused Fund
Amethis and Edmond de Rothschild Private Equity reached a EUR120m (~USD120m) final close for their second MENA-focused fund targeting majority and minority stake investments of EUR5-15m (~USD5-15m) in SMEs in… Read More
Women’s World Banking Capital Partners Leads USD11m Pre-series A for Kenya’s Pezesha
Women’s World Banking Capital Partners led a USD6m pre-series A for Pezesha, a Kenya-based provider of working capital to MSMEs, with participation from Verdant Frontiers Fintech Fund, cFund and Input… Read More
Global Ventures Leads USD2.4m Seed Round for Egypt’s SubsBase
Global Ventures led a USD2.4m seed round for SubsBase, an Egypt-based subscription and revenue management platform, with participation from HALA Ventures, P1 Ventures, Plus Venture Capital (+VC), Plug and Play,… Read More
Ezdehar Acquires 60% Stake in Egypt’s Zahran Market for ~USD14.28m
Ezdehar Management acquired a 60 percent stake in Egypt-based grocery retailer Zahran Market for EGP274m (~USD14.28m). Read more here and h Read More
Africinvest Leads USD30m Pre-series B for Egypt’s ArabyAds
Africinvest, led a USD30m pre-series B for ArabyAds, an adtech platform founded in Egypt and headquartered in the UAE. Read More
Timon Capital Leads USD15m Pre-series A for Nigeria’s Omnibiz
Timon Capital led a USD15m Pre-series A for Omnibiz, a Nigeria-based B2B e-commerce platform, with participation from Ventures Platform, LoftyInc, Chapel Hill Denham, Chandaria Capital and Musha Ventures. Read More
Verdant Capital To Provide USD7m Debt for Uganda’s Watu Credit
Verdant Capital, through its Hybrid Fund, agreed to provide USD7m in subordinated debt to Watu Credit, a Uganda-based provider of two-wheeler financing for motorbike taxi drivers. Read More