287 private capital deals were concluded in Africa in 2024 YTD, just shy of the 5-year average of 294 deals despite an 11% YoY decline. The volume highlights Africa’s sustained investment appeal despite global headwinds.

African venture capital took a hit in 2024. Q3 saw only US$507mn across 108 deals, marking a steep drop in both deal volume and value. Year-to-date, funding stands at US$1.2bn across 313 deals.

This series offers an overview of Africa's Private Capital Activity, with this report highlighting key trends in investments, exits, and fundraising observed during the second quarter of 2024.

Exclusive insights into the development and global comparison of venture capital in Africa; exploring the regions and sectors leading venture capital deals across the continent.

This series offers a collection of exclusive insights spotlighting the development and global comparison of venture capital in Africa; exploring the regions and sectors leading venture capital deals across the continent.

This series offers an overview of Africa's Private Capital Activity, with this report highlighting key trends in investments, exits, and fundraising observed during the first quarter of 2024.

This report marks the first in a new series examining private capital landscapes across Africa's diverse regions. Focused on Southern Africa, this premier edition coincides with AVCA’s landmark 20th Annual Private Equity Conference and Venture Capital Summit in Johannesburg, South Africa.

The report provides analysis on the latest trends of fundraising, investments, and exits within African Private Capital Activity in Africa, shedding light on the recent developments that took place during 2023. 

This report offers a collection of exclusive insights spotlighting the development of and global comparison for venture capital in Africa; exploring the regions and sectors leading venture capital deals across the continent.

This report offers a collection of exclusive insights spotlighting the development of and global comparison for venture capital in Africa; exploring the regions and sectors leading venture capital deals across the continent.

A Comparative Analysis of Regulatory Sandboxes and Payment Service Providers

The report offers a comprehensive overview of the African Private Capital Activity in in a global context, shedding light on the recent developments that took place during an eventful first half of 2023.

This report offers a collection of exclusive insights spotlighting the development of and global comparison for venture capital in Africa; exploring the regions and sectors leading venture capital deals across the continent.

We are delighted to share our fourth edition of the 2022 AVCA Venture Capital in Africa report presenting an overview of the venture capital ecosystem. It provides an analysis of the latest trends and development of Africa’s start-up investment landscape and the profile of the investors active on the continent. 

2021 AVCA’s Venture Capital in Africa report presents an overview of the venture capital ecosystem. It provides an analysis of the latest trends and development of Africa’s start-up investment landscape and the profile of the investors active on the continent.

Co-authored by AVCA and TCX | The Currency Risk Management Practices in African Private Equity and Venture Capital report convenes survey results from 37 GPs and 26 LPs engaged in African private equity. It assesses their views of the importance and impact of currency volatility, as well as their strategies for evaluating and managing the same. The survey respondents represent a broad cross-section of investors by type, size, and location.

We are pleased to present the second edition of AVCA's Venture Capital in Africa report, a study of Africa's venture capital deal activity and investors' profile from 2014 to 2020. This report also features investment case studies from AfricInvest and TPG Growth.

AVCA is pleased to announce the publication of the Spotlight on Southern Africa Private Equity. The report provides a summary of recent private equity transactions, exits and fundraising activity in the region. Our findings reveal that 341 PE deals were completed in the region between 2007 and 2014 with a combined value of US$6.7bn.