Tuesday, March 24, 2015
CNBC published on 17 March 2015 a nice summary titled "Private Investors Pile into Africa" by Lawrence Delevingne. Drawing on data produced by the London-based African Private Equity and Venture Capital Association (AVCA), the author notes that private equity firms invested $8.1 billion in African companies in 2014. US equity firms are the largest investors. Nigeria is the largest recipient at 25 percent of the African total followed by South Africa with 24 percent. Much of the investment is going into telecommunications. AVCA tracks the investment at its "African Private Equity Data Tracker."