African private capital markets experienced a record-high volume of deals in 2022, recording a 46% year-over-year (YoY) growth, according to the African Private Capital Association (AVCA). According to AVCA’s 2022 African Private Capital Activity Report, $7.6bn of private capital was invested across 626 deals, a 3% year-on-year growth in deal values across the continent throughout 2022. Catalysed by venture capital deal flows, 2022 attracted the second-highest private capital investment over the last decade. According to the report, venture capital (VC) was the most active asset class, accounting for 74% of the total private capital deal volume and over half of private capital deal value. The sector’s prominence across private capital deal volume (29%) and value (32%) made it the most attractive sector again, a trend expected to continue.

Source: The North Africa Journal May 06, 2023 08:29 UTC