Friday, November 22African Digital Business Magazine

Tag: foreign direct investment

Cameroon News, Events, Zambia News

Annual Investment Meeting Successfully Concluded AIM AFRICA Digital Edition

The event witnessed the participation of 101 expert speakers, 2092 participants from 99 countries, with 41 countries from Africa and over 47 global exhibitors. The Annual Investment Meeting successfully concluded AIM AFRICA Digital Edition which took place from the 29th – 30th of June 2021 via Events10x platform under the theme “Africa Unlocked: Innovation and Sustainability as the Drivers of Economic Growth”. The two-day virtual conference witnessed the participation of 101 expert speakers, 2092 participants from 99 countries, with 41 countries from Africa and over 47 global exhibitors. Top government officials and high-level dignitaries also joined AIM AFRICA and among them was H.E Sheikh Shakhboot Nahyan Al Nahyan - Cabinet Member and Minister of State in the Ministry of Foreign Affair...
Has the PE industry failed Sub-Saharan Africa?
African News, Kenya News, Main, South Africa News

Has the PE industry failed Sub-Saharan Africa?

African PE (Private equity) firms raised less than $20bn in the decade to 2018, equivalent to just 2.5 per cent of the capital raised by the world’s emerging markets, according to a Preqin report. Moreover, most of that African capital was invested into the relatively advanced economies of South Africa and North Africa, with very little flowing into the rest of the continent. This limited investment into Sub-Saharan Africa (SSA) is explained by investors in PE funds as a result of the low returns from such investments. The PE firms, themselves, acknowledge the limited returns, but claim these markets are still nascent and that returns will rise as these economies evolve. Yet the reality is that it may be the approach being taken by SubSaharan Africa’s PE investors that is causing them such...