Africa: Private equity investment charting wellAmid global headwinds together with worldwide political shifts, private equity investment in Africa continues to grow from strength to strength. This is according to a new report from the African Private Equity and Venture Capital Association (AVCA)’s 2016 Annual African Private Equity (PE) Data Tracker, which shows a marked increase in the total deal value during 2016. The report noted that, in total there were 145 private equity deals reported in Africa over the course of the year, amounting to $3.8 billion – versus $2.5 billion in 2015. Private equity investment risingThe analysis also highlighted that African PE funds registered a final close total of $2.3 billion in 2016, which although lower than the previous year, supports an upward trend over the past 5 years. Obasanjo-Adeleye added: “This is no flash in the pan; we now have seen strong and sustained PE investment in Africa over the past 10 years and AVCA will continue to play its role as a major enabler and champion for PE investment in Africa as the region becomes more widely recognised as the world’s most exciting and attractive frontier investment destination.”The African Private Equity and Venture Capital Association is a pan-African industry body, which promotes and enables private investment in Africa.

Source: The North Africa Journal March 02, 2017 07:18 UTC