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EMEA Private Equity Funds Turn To Africa For Returns

S&P Global's quarterly EMEA Private Equity snapshot was released today. Amongst the more interesting findings was deal activity in Africa. According to the report, there were 33 entry investments into the region, up 57% from the comparable period last year. The increase in focus can further be explained by improving macroeconomic indicators such as GDP growth; expectations are in excess of 5% for seven Sub Saharan Africa (SSA) nations in 2018 following the strengthening of oil and commodity prices. Furthermore, Africa’s IT sector led all others with 16 new entry investments by EMEA GPs. These account for almost half of all inbound investments...