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.

2024 was a challenging year for Africa’s venture capital ecosystem, registering a 22% drop in deal value and a 28% decline in deal volume—outstripping every other region in scale. This report provides an overview of the current events shaping Africa's startup investment landscape, including the entrepreneurial and venture activity seen on the continent.

Despite hosting 18% of the world’s population, Africa receives only 5% of global infrastructure investment. This report uncovers the private capital landscape and highlights where more investment is needed. Read the report to discover how private capital is driving Africa's infrastructure transformation.