AVCA 2020 H1 African Private Equity Data Tracker

Africa’s macroeconomic outlook at the start of the new decade was broadly positive, featuring predictions of robust economic growth across the continent averaging 3.9% in 2020 and 4.1% in 20211 . However, as is the case globally, the COVID-19 pandemic has precipitated an economic crisis, altering Africa’s socioeconomic landscape and its growth prospects quite significantly. Downward revisions to Africa’s growth are illustrative of the new economic reality, which threatens to upend recent development progress made.