Research & Publications
31 October 2024
Q3 2024 Private Capital Activity in Africa
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.
Research & Publications
16 September 2024
Q2 2024 Private Capital Activity in Africa
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.
Research & Publications
29 May 2024
Q1 2024 Private Capital Activity in Africa
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.
Research & Publications
31 March 2024
2023 African Private Captial Activity Report
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. 
Research & Publications
12 September 2023
UNLOCKING THE POTENTIAL OF DIGITAL PAYMENTS IN AFRICA:
A Comparative Analysis of Regulatory Sandboxes and Payment Service Providers
Research & Publications
26 April 2023
2022 African Private Capital Activity Report
This report provides an analysis on the latest trends of fundraising, investments, and exits unfolding across the continent in 2022.
Research & Publications
29 September 2022
2022 H1 African Venture Capital Activity Report
In the report we present an overview of the African venture capital ecosystem, spotlighting the latest global trends and development during the highly eventful start to the year for Africa’s innovation ecosystem.
Research & Publications
19 April 2022
2021 African Private Capital Activity Report 
2021 AVCA’s Africa Private Capital Activity report presents the current state and recent development of private capital activity in Africa. It provides an analysis on the latest trends of fundraising, investments, and exits unfolding across the continent in 2021.
Research & Publications
24 March 2022
2022 AVCA Currency Risk in Africa Report
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.
Research & Publications
23 June 2021
African PE & VC Performance Benchmark Q4 2020
This report presents the private equity and venture capital performance across Africa in Q4 2020. The publication was produced by Cambridge Associates in collaboration with AVCA
Research & Publications
23 June 2021
African PE & VC Performance Benchmark Q3 2020
This report presents the private equity and venture capital performance across Africa in Q4 2020. The publication was produced by Cambridge Associates in collaboration with AVCA
Research & Publications
26 October 2017
Key Findings and FAQs: African PE & VC Performance Benchmark - Q1 2017
A summary of the key findings and frequently asked questions (FAQs) about the Q1 2017 African PE & VC Performance Benchmark, published by AVCA exclusively for AVCA members.
Research & Publications
28 September 2017
African PE & VC Performance Benchmark Q1 - 2017
AVCA is pleased to announce the release of the African PE & VC Performance Benchmark (Q1 2017), produced by Cambridge Associates, in collaboration with AVCA.
Research & Publications
29 July 2017
African PE & VC Performance Benchmark
AVCA is pleased to announce the release of the final 2016 African PE & VC Performance Benchmark, produced by Cambridge Associates, in collaboration with AVCA.
Research & Publications
27 July 2017
Key Findings and FAQs: African PE & VC Performance Benchmark
A summary of the key findings and frequently asked questions (FAQs) about the final 2016 African PE & VC Performance Benchmark (Q4), published by AVCA exclusively for AVCA members.
Research & Publications
15 May 2017
Key Findings and FAQs: African PE & VC Performance Benchmark
A summary of the key findings and frequently asked questions (FAQs) about the African PE & VC Performance Benchmark, published by AVCA exclusively for AVCA members.
Research & Publications
28 February 2017
2016 Annual African Private Equity Data Tracker 
The 2016 Annual African Private Equity Data Tracker draws on data from AVCA’s proprietary private equity (PE) database and provides insights into key trends in PE investment and fundraising in Africa from 2011 – 2016. Our findings show that deal activity in Africa continues to be strong even in an increasingly volatile global economic environment.
Research & Publications
7 February 2017
Key Findings and FAQs: African PE & VC Performance Benchmark
A summary of the key findings and frequently asked questions (FAQs) about the African PE & VC Performance Benchmark, published by AVCA exclusively for AVCA members.
Research & Publications
26 January 2017
African PE & VC Performance Benchmark, Q3 2016
AVCA is pleased to announce the release of the latest African PE & VC Performance Benchmark, produced by Cambridge Associates, in collaboration with AVCA.
Research & Publications
1 November 2016
AVCA Spotlight on East Africa Private Equity
AVCA is pleased to announce the publication of the Spotlight on East Africa Private Equity. The report provides a summary of recent private equity transactions, exits and fundraising activity in the region. Our findings show that PE activity in East Africa is rising with 158 reported transactions between 2007 – 2014 and deal values totaling US$1.5bn.
Research & Publications
31 October 2016
AVCA Country Snapshot: Ethiopia
AVCA is delighted to announce the publication of the Country Snapshot: Ethiopia. Drawing on data from AVCA’s proprietary databases, the Snapshot provides a broad overview of the private equity landscape in Ethiopia.
Research & Publications
1 April 2016
African PE & VC Performance Benchmark, Q3 2015
AVCA is pleased to announce the release of the latest African PE & VC Performance Benchmark, produced by Cambridge Associates, in collaboration with AVCA.
Research & Publications
1 October 2015
AVCA Spotlight on East Africa Private Equity
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.
Research & Publications
1 October 2013
New Benchmark for African Private Equity Reveals 11% Annualised Return for 10 Years September 2012
This is the first quarterly report of the Cambridge Associates LLC African Private Equity and Venture Capital Index, a collaboration between the African Venture Capital Association (AVCA) and Cambridge Associates, the global investment advisor that maintains databases and tracks performance data of private investments around the world.