Browsing: Africa’s investment opportunities

This summer has seen a huge amount of interest, and investment, in Africa from private capital outfits.

From fund raising – such as the African Infrastructure Investment Managers (AIIM) reaching final close of its US$320 million African Infrastructure Investment Fund 3 and new funds for Centum, the Nairobi Securities Exchange-listed investors – to acquisitions and disposals, interest has been high across the continent. The Exchange even reported in April that Africa is eying US$1 trillion in private equity deals in the near future.

It also appears that returns are good. East African exits by private equity investors currently stand at 25 per cent, according to a recent I&M Burbidge Capital/EAVCA report, while start-ups in Nigeria have attracted more than US$110.9m of investment in H1 2019. The listing of Jumia, the largest e-commerce operator in Africa which floated on the New York Stock Exchange on a US$1bn ticket earlier this year, …