Private Equity in Africa Sees a Dip in Early 2024 at $3.5 Billion, Despite Previous Highs

In the first quarter of 2024, Africa's private equity landscape recorded $3.5 billion across 150 transactions, marking significant declines of 52.9% in total value and 54.7% in the number of transactions compared to the same period in 2023. This downturn represents the first notable decrease in performance since the end of the COVID-19 pandemic in 2021, according to the latest data from Ecofin Pro.

Despite the downturn, the private equity sector in Africa displayed resilience. 2023 was an exceptional year, with 331 transactions totaling $7.47 billion, showing increases of 27.3% in volume and 79.4% in value from the previous years. Compared to the performance over the past eight years, the first quarter of 2024 still aligns well with historical data, boasting an average transaction value of approximately $23.47 million—the highest since 2018 and above 2023's average...Read more on Ecofin Agency

Source: Ecofin Agency