Southern Africa is now the top investment region in Africa, according to private capital report

Southern Africa is now the top investment region in Africa, according to private capital report

2023 was a tough year for the private capital space in Africa, as factors like inflation and currency depreciation , among others, made business incredibly difficult across the continent. Local currencies like the Kenyan shilling and naira sunk to historic lows, while a depletion in foreign exchange reserves increased the cost of doing business in Egypt. 

This had a significant impact on private capital activity on the continent in 2023, as the economic uncertainty pushed fund managers into being more wary and prudent with their investment strategies. 

In April 2024, The African Private Capital Association (AVCA) released its 2023 African Private Capital Activity Report which provides insight into dealmaking, fundraising, exits and the key trends shaping Africa’s private capital landscape. For over two decades, AVCA has been focused on enabling and championing private investment in Africa. 

Here are five interesting things we learned from the report:

1. The African market was more resilient than expected 

According to the report, there was a notable decrease in Africa’s total private capital deal volume, marking the first…

Hannatu Asheolge
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https://techcabal.com/2024/04/12/southern-africa-is-now-the-top-investment-region-in-africa-according-to-private-capital-report/

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