Africa’s 2024 Private Capital Boom Cools in Early 2025 Amid Shift to Mid-Sized Deals
Africa’s private capital markets surged in 2024, with deal values surpassing $10 billion—a 50% jump from the previous year. Secondary transactions hit a record $160 billion, underscoring heightened liquidity in key markets. The momentum waned in early 2025 as deal values plummeted to $1.6 billion, with investors pivoting toward mid-sized opportunities.
Equity financing dominated Q1 2025, accounting for 79% of deals. This signals a broader shift toward long-term investments despite the slowdown. The trend reflects cautious Optimism as markets digest 2024’s explosive growth.