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.

The African Private Equity and Venture Capital Association (AVCA) and PwC are delighted to launch the first report analysingexits of African private equity (PE) portfolio companies on the global capital markets. This report provides a historic analysis of PE-backed initial public offerings (IPOs) of African portfolio companies, including companies with significant operations in Africa, between 1 January 2010 and 31 December 2017. We have examined a number of metrics including the volume and value of PE-backed versus non-PE-backed IPOs, pricing, and performance. While the capital markets have been an important exit route for private equity houses around the globe, we have noted that PE exits via an IPO in Africa have tracked below other markets. We hope this document begins a dialogue around measures to be taken to further drive African PE exits on domestic or international exchanges.