The ‘Big 5’ accounts for 85% of Africa’s private capital deals in Q3 2024, says Stears report
- Private capital investment is a key driver of economic growth in Africa.
- In Q3 2024, South Africa, Kenya, Nigeria, Ghana, and Egypt accounted for 85% of private capital deals.
- Terrapay raised $95 million in debt financing to expand its remittance operations.
The concentration of private capital in the Big 5 economies reflects their favorable investment climates, but it is essential to support smaller economies to diversify and strengthen Africa's overall economic resilience. Encouraging innovation and addressing infrastructure challenges will be critical for sustainable growth across the continent.
