According to the African Private Capital Association (AVCA), private capital investments in Africa dropped by 11% in early 2024, continuing a downward trend from 2023. By the end of the third quarter, investments totaled $1.9 billion, marking a 53% decrease from the previous year. West Africa was especially impacted, with a 30% drop in investments. However, transactions below $50 million now account for 66% of all deals. On a positive note, private debt investments rose by 14%, reflecting investor interest in safer options. Despite these challenges, Africa’s long-term growth potential remains strong. (Source: African Private Capital Association, 2024)
