Private capital flow into Africa more than doubled from 2020 to 2021 ...Middle East

Investors pumped record amounts of private equity and venture capital into Africa last year, according to a new report by the African Private Equity and Venture Capital Association (AVCA.)The ‘African Private Capital Activity Report’(pdf), released on 19 Mar., found that the total value of private capital deals in Africa reached a record high of $7.4 billion in 2021, representing a 118% increase compared to the $3.4 billion registered in 2020.The record amount was almost double the $4 billion that was invested on an annual average basis in Africa between 2016 and 2020.Read the rest of this story on qz.com. Become a member to get unlimited access to Quartz’s journalism.

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