Private Capital Activity Report

Q1 2025 Private Capital Report

Navigate Africa's Private Capital Landscape in 2025

Produced in partnership with the East Africa Venture Capital Association (EAVCA), the Stears Private Capital in Africa Activity Report: Q1 2025 delivers an in-depth analysis of private capital activity across the continent in Q1 2025. This report equips fund managers, investors, and corporate decision-makers with critical data to navigate Africa’s evolving investment landscape.

What's Inside the Report?

Quarterly Market Analysis: Quarter-on-quarter comparisons of transaction activity in Africa.
Unique East Africa Insights: Deep dives into local funding trends in East Africa.
Regional Dynamics: Southern Africa leads with 37% of transactions, while East and West Africa follow closely.
Sectoral Insights: Granular analysis of sector and sub-sector investment activity across multiple regions.
Exit Highlights: Noteworthy trade sales including Alitheia Capital and Goodwell’s 3x Naira return from Baobab Nigeria, and Amethis’ exit from Merec Industries to UAE-based Invictus.
Equity vs. Debt Financing: Explore the dominance of equity and how debt financing is shaping specific sectors.
Robust M&A coverage: Trend and spot analysis of M&A activity on the continent.
Artificial Intelligence Spotlight: A review of investments in Africa’s artificial intelligence (AI) space.

Why Read This Report?

Actionable Insights: Understand the trends shaping private capital flows in Africa.
Strategic Decision-Making: Identify the sectors, regions, and financing structures driving growth.
Expert Analysis: Leverage the depth and accuracy of Stears' proprietary data.
Q1 2025 Private Capital Report

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