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North Africa

Venture is attracting growing interest on the continent, despite investor expectations not always matching the realities of the local business environment.
Private equity investment has helped power a connectivity revolution in Africa despite the hurdles to extending rural access to broadband.
Private markets have a crucial role to play in deploying capital where it is most needed, says Evans Osano at development agency FSD Africa.
Market conditions for private equity firms are improving, but more work needs to be done to mobilise local capital.
The financial sector – especially fintech – has overtaken 'consumer discretionary' to take the largest share of private equity deal volume.
Lagos, Nigeria
The region still attracts private equity interest as countries improve their ratings in the Ease of Doing Business index.
LPs favour Egypt as the country continues to achieve GDP growth through the covid-19 crisis, with healthcare a focus across the region.
Tech and venture stand out as bright spots as Africa’s private equity industry continues to adapt to the covid environment.
Although the value of private equity investments took a hit thanks to covid-19, deal volume is growing.
A gender-lens approach can boost business performance and enhance women’s economic empowerment in Africa, says Anne-Marie Lévesque of development finance institution FinDev Canada.

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