This edition of the AVCA's Country Spotlight examines Nigeria's economic landscape, private capital ecosystem and investment trends across multiple asset classes. Discover why Nigeria remains a leading destination for private capital investment in Africa.

The 2024 African Private Capital Activity Report reveals a resilient and evolving industry that has continued to mature despite global economic headwinds. The report shows significant growth in multiple areas: fundraising more than doubled to US$4.0bn (the third highest final close value on the continent in the last decade), deal volume grew by 8% year-over-year, and exit activity increased by 47%.

The AVCA Investors Sentiment & Outlook report offers valuable insights into how Limited Partners (LPs) and General Partners (GPs) view the African private capital landscape for 2025, revealing a measured optimism tempered by global and regional challenges.

This report provides an analysis on the latest trends of fundraising, investments, and exits unfolding across the continent in 2022.

2021 AVCA’s Africa Private Capital Activity report presents the current state and recent development of private capital activity in Africa. It provides an analysis on the latest trends of fundraising, investments, and exits unfolding across the continent in 2021.

Often referred to as the ‘final frontier’ market by private equity investors, Africa is showing signs of promise due to its rapidly improving economic environment, favorable demographics and growing private sector business activities. Investors who are diligent in their research of investment opportunities have been able to realize outsized returns while minimizing perceived risks. Opportunities exist across the continent, which has been largely overshadowed as an emerging markets private equity destination by hot BRIC markets.