West Africa Trumps Southern Africa To Emerge Top Private Equity Destination




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The 2014 Deloitte’s East Africa Equity Confidence Survey shows that West Africa raked equity deals than Southern Africa and Eastern Africa. This is happening for the third time three years. As can be expected, most of the Western African deals were Nigeria while most of the Southern African deals were a .

The statistics showed that equity deals, 2012, reached $298.45 million West Africa and $241.9 million Southern Africa. The 2013 private equity transactions were valued at $545 million for West Africa and $491 million for Southern Africa. This could corroborate the claims by Euromonitor International that consumer spending in sub‐Saharan Africa equaled nearly $600 in 2010.

Nicholas Plant, who heads the private the equity practice for the & Africa at Dentons, had the following to say this topic: “I think the great sectors for private equity are those where you can back an entrepreneur or a really good so they tend to be businesses that offer services, restaurants, shops and manufacturing perhaps.”[eap_ad_2]

Nigeria raked in the highest number of private equity deals in West Africa. The economy is the largest in Africa and is projected to grow at 7% yearly. Mr Plant made some remarks the Nigerian economy: “Manufacturing is just about 4% of the economy here, so that’s something that you expect to expand as the economy becomes mature and that’s what private equity is all about. It’s about taking a small and taking it to the next stage. So for instance, if you had a chain of restaurants that just had two shops, private equity back it and it to like 50 shops in the country where it originated and then ideally, expand it into countries.” (Ventures Africa)[eap_ad_3]