The Stears Private Capital in Africa Report for Q3 2024 offers a detailed analysis of African private market transactions, providing key insights into investment trends for fund managers and corporate leaders.
Sourced from the Stears Private Deals Database, the report highlights a total of 73 private market deals, 39 of which disclosed a combined value of $2.27 billion. This underscores the robust activity across Africa’s private markets, spanning growth equity, private equity, private debt, infrastructure financing, and mergers and acquisitions (M&A).
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Among the standout transactions, Oando PLC’s $783 million acquisition of the Nigerian Agip Oil Company (NAOC) exemplifies the evolving dynamics within Africa’s energy sector. In East Africa, African Frontier Capital’s $176 million funding to D.Light, a solar home systems provider, underscores growing investments in clean energy solutions. Similarly, in the fintech space, M2P Fintech’s $100 million Series D funding, led by Helios Investment Partners, highlights the sector’s sustained appeal as a driver of economic growth and innovation.
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The report emphasises the diversity of deals, primarily including private equity, private debt, and late-stage venture capital transactions. This reflects investors’ focus on sectors such as energy, clean technology, and financial services. With Africa’s private markets offering dynamic opportunities, these activities demonstrate the continent’s growing appeal for international and regional investors alike.
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Stears leverages a rigorous methodology to ensure data accuracy, relying on independently verified deals sourced from credible platforms. The Stears Private Deals Database, hosted on the Stears Data Platform, continues to be a vital tool for tracking Africa’s investment landscape, providing investors with actionable insights and facilitating informed decision-making.
