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Browsing: African Private Equity and Venture Capital Association
- Africa private capital deals fell to to 450 deals in the past one year.
- The continent’s total private capital deal value stood at $5.9 billion, the fourth largest value on record since 2012.
- Decline in Africa private capital deals marked the continent’s steepest year-over-year decline in volume in 12 years.
Africa recorded a 28 per cent year-over-year (YoY) decline in the total private capital deal volume for the first time since 2016, falling to 450 deals. This downturn is attributed to the global economic turmoil, which led to inflation spikes and the devaluation of continental currencies.
In Kenya and Nigeria for instance, the Shilling and the Naira plunged to historic lows in 2023, while in Egypt, a shortage in foreign currency led to increased controls over its usage in the country.
According to the 2023 African Private Capital Activity Report, the depreciation of local currencies and the depletion of foreign …
- African Development Bank tells Japanese investors putting their money in the continent is profitable.
- Japan’s Foreign Direct Investments in Africa declined from $10 billion in 2016 to just $4.7 billion in 2020 during Covid-19, before picking up to $6 billion in 2021.
- According to AfDB, Africa accounts for only 0.003 percent of Japan’s $2 trillion global Foreign Direct Investments.
- Japan’s Prime Minister Fumio Kishida announced during the TICAD 8 Summit in Tunis last year $30 billion for Africa, including support for startups.
Africa is keen to increase Japanese investment in the continent, the African Development Bank (AfDB) has indicated amid growing interest from other countries including China, Europe and the US.
The move comes after a slump in Japan’s Foreign Direct Investments (FDIs) in Africa, which declined from $10 billion in 2016 to just $4.7 billion in 2020 during Covid-19, before picking to $6 billion in 2021.
According to AfDB, …
Africa is one of the world’s fastest-growing economies with the continent expected to be home to nearly 1.7 billion people by 2030 and have a combined business and consumer spending of $6.7 trillion according to the Brookings Institute.
This potential in the economy has made Africa attractive for investors seeking high growth businesses with long-term impact. Because of this, Venture Capital (VC) and Private Equity (PE) have emerged as important drivers for directing capital into these businesses hence stimulating capacity building and economic growth across Africa.
According to a report from the African Private Equity and Venture Capital Association (AVCA), African companies which are backed by PE and VC firms are among the most innovative and pioneering firms in the world and attract more international and local investments.
According to the report, despite the effect of the pandemic on businesses, many businesses backed by the PE and VC firms especially …
