Nigeria, South Africa, Kenya, Ghana, and Egypt accounted for an overwhelming 85 per cent of all private market deals in Q3 2024, the latest Stears Private Capital in Africa Report for Q3 2024 has revealed.
According to the report, published on Wednesday, this means that only 15 per cent of transactions occurred outside these major economies, underscoring their outsized appeal to private investors in Africa.
The five countries which Stears called its Big 5 economies cornered deals in technology and energy. The Stears Private Capital in Africa Report is a quarterly analysis of African private market transactions.
It examines key trends in private investments, providing valuable insights for fund managers and corporate decision-makers on the countries, industries, and companies attracting private capital.
The report added that investments in non-Big 5 countries were more likely to be debt-based (28 per cent compared to 18 per cent in the Big 5), reflecting the relatively stable and lower-risk nature of financing in these markets.
