Throughout 2017, private equity investments in southern Africa stood at R31.3 billion ($2.4 billion), according to a survey published July 25 by the Southern African Venture Capital and Private Equity Association (SAVCA) along with the audit and consulting firm, Deloitte.
Transactions number grew from 574 in 2016 to 750 in 2017 with an increase by 54% of average transaction volume to R41.7 million. Distribution and retail trade sector came first, capturing 25.9% of investments. It is, respectively, followed by services (16.2%), real estate (10.1%) infrastructure (8.2%), banking & insurance (7.2%), media (7.2%) and mining (4.9%).
The survey also established that investment funds operating in Southern Africa had R158.8 million worth of assets under management as at 31 December 2017. During the period under review, the Southern African private equity industry raised R7.5 billion, and disposals made totaled R10.5 billion.
The acquisition signals rising confidence in Africa’s digital infrastructure as a viable, long-term ...
Highlights: • New 1% US tax on outbound remittances to take effect January 1, 2026• Africa received...
The fintech leaders primarily emerge from Nigeria, Egypt, Kenya, and South Africa, nations recognize...
Highlights: • Egypt targets 42% renewable energy share by 2030.• POWERCHINA to build 130-km high-vo...
France will return the skull of a Sakalava king, along with those of two of his warriors, to Madagas...
Senegal and Vietnam discussed digital tech cooperation on July 23. Talks support Senegal’s goal to become a digital hub and expand rural...
Mali approved a $238M World Bank loan to build key roads, including Sandaré-Diéma. Project boosts the Bamako-Dakar trade corridor and rural...
As digital technologies reshape Africa's job market, digital skills are becoming crucial for youth inclusion. Developing these capabilities widely is...
New industrial and trade dynamics are emerging in Africa, driven by renewable energy. The REN21 network analyzes how these value chains could strengthen...
Perched in the rugged heights of the Djebel Nefoussa in northwestern Libya, Qasr Al Haji (also spelled Ghasr Al-Hajj) is a striking example of traditional...
In southeastern Morocco, near the Algerian border, lies Merzouga—a small village at the heart of the Saharan desert, known for its monumental dunes and...