African companies attracted $2.2 billion in private equity funding in H1-2023 (report)

The report points out that persistent global macroeconomic uncertainties have prompted most private equity funds active on the continent to exercise caution, opting for smaller ticket sizes.   

Local and international private equity firms injected $2.2 billion into African companies in the first half of 2023, according to a report published on August 7 by the African Private Equity and Venture Capital Association (AVCA). This amount is 52% lower than that recorded in the first half of 2022.

The number of transactions recorded during the first six months of the current year reached 196, down 44% during the same period last year...Read more on Ecofin Agency

Source: Ecofin Agency