Friday
April 12
2024

Report: Africa’s Private Capital Deals Drop for First Time in 7 Years

By Folake Balogun

The total private capital deal in Africa dropped for the first time in seven years, according to the latest African Private Capital Activity report.

The report by the African Private Capital Association (AVCA) shows that the volume of deals dropped by 28 percent to 450 deals in 2023 from 627 deals in 2022.

Source: Business Day (link opens in a new window)

Categories
Investing
Tags
infrastructure, research, venture capital