Private equity: Over $6 billion invested in West Africa between 2007 and 2015

Dec 07, 2015

Nigeria and Ghana account for 93 per cent of transactions.

Private equity funds have invested $6.1 billion (€5.6 billion) in West Africa over the last eight years, according to the African Private Equity and Venture Capital Association (ACVA).

Between January 1, 2007 and June 30, 2015, 311 transactions were completed in the region, with strong disparities between countries given that Nigeria and Ghana account for 65 per cent in volume and 93 per cent in value of all transactions.

The survey, seen by Ecofin agency, also shows that West Africa has witnessed its share in the total value of private equity transactions on the continent grow from nine per cent between 2007 and 2010 to 25 per cent between 2011 and June 30, 2015.

Another recent study, led by the Overseas Development Institute (ODI), reveals that foreign private equity investment in Sub-Saharan Africa has increased fivefold since 2008 to reach $12 billion.

These studies come as US private equity giant Carlyle Group told Bloomberg that it may announce new purchases for its sub-Saharan Africa fund early next year as it forecasts the region will grow faster than all other areas except India and China.ADNFCR-2976-ID-801807497-ADNFCR