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float:right;" > </div> <p> Private equity activity in Africa will inject billions of US dollars of sustainable investment over the next five years with deals growing from a low base equivalent to 0.18 per cent of Africa&rsquo;s GDP in 2016, the report says. &nbsp;According to the research - &#39;A growth engine: Trends and outcomes of private equity in Africa&#39; - &nbsp;every 0.01 per cent increase will mean $200 million more investment and could easily reach $1.1 billion over the next five years. The report reveals a number of interesting trends about investment in Africa. Private equity investors in Africa tend to be distinct from other parts of the world, holding investments for longer than in developed markets and using less debt and improve corporate strategy and governance. Furthermore, they invest more in growth and job-creation, often scaling small businesses to a size viable for trade buyers.</p> <p> <strong>Significant increase</strong></p> <p> The report, which was commissioned by Baker McKenzie and the Economist Corporate Network, revealed that &nbsp;PE activity in Africa has increased significantly in the last few years. From 2010 to 2016, private equity firms invested around US$25.6bn across a variety of sectors from consumer goods to financial services, communications health care and infrastructure.</p> <p> <strong>ESG</strong></p> <p> Environmental Social and Governance (ESG) investing has also improved in Africa. Private equity companies and the limited partners investing in their funds, prioritise meeting acceptable ESG standards. Energy efficiency, staff training and qualifications, green-house gas emissions, highest standards of governance and best business practices, and litigation risks are some factors considered in ESG investing.</p> <p> <strong>Private equity deals</strong></p> <p> More than 1000 PE deals were concluded between the beginning of 2010 and the end of 2016 in Africa, according to data from AVCA and Prequin. Trends emerging included:</p> <ul> <li> The Southern Africa region accounted for around 30 per cent of completed transactions.</li> <li> South Africa, the largest and most sophisticated PE market in Africa, accounted for 22 per cent of concluded transactions by volume and 13 per cent by value between 2010 and 2016.</li> <li> West Africa contributed one-quarter of the capital invested in African PE transactions over the period.</li> <li> The East Africa region contributed 18 per cent of PE transactions, but just eight per cent of total deal value.&nbsp;</li> </ul> <p> <strong>Currency volatility</strong></p> <p> Most private equity companies based in East and West Africa expect to raise most of their investor funding offshore (primarily in the US and Europe), due to shallow pools of African institutional capital. Currency volatility, also remains a challenge to fundraising efforts, and to transaction execution in general. Investment returns have been negatively impacted by the strengthening of the dollar against most major currencies in Africa. However, even in tough commercial operating environments, GPs are generating above-average returns.</p> <p> <strong>Fastest-growing economies in Africa</strong></p> <p> It was found that the low capital-market base is one of the contributing factors towards trade sales being a dominant form of exit for PE investments. In the period 2014-15, trade sales accounted for 53 per cent of Africa-based exits, up from 44 per cent over the period 2007-13. However, a growing category of exit in the region is sales to other private equity companies and financial buyers. In 2017, it is expected that nine out of the twenty fastest-growing economies will be in Africa. Even in those countries that have experienced slow growth, there are still strong returns to be made.</p> <p> <strong>Higher returns</strong></p> <p> &#39;The long-term opportunities across African economies for private equity are extremely robust and demonstrate long term value creation and returns,&#39; said Scott Nelson, a private equity partner at Baker McKenzie. &#39;Returns can be far higher than in developed markets and at the same time private equity investors play a catalytic role in Africa. Investment in this sector tends to focus on growth capital, helping companies to improve governance and strategy, expand their footprint and contribute positively to the region&rsquo;s broader commercial ecosystem.&#39;</p> <div class="bottom-overlay-box" style="width:190px; background:none !important;"> <form action="/subscribe/email-updates/" method="post"> <button class="btn signup-btn" type="submit" > Sign up for daily email updates </button> </form> </div> </div> </div><!-- article-copy --> <div class="sub-container-left" style="margin:0px 5px;"> <div id="article-editors-pick" > <h2 style="padding:4px 0px;">Editor's picks</h2> <div class="gl-underline-lite" id="editors-pick-list"> <a href="/management-speak/tesco-the-sfo-and-lady-justice---the-rational-choice-1004256/"><p id="Strapline"> NO CHANGE</p></a> <a href="/management-speak/tesco-the-sfo-and-lady-justice---the-rational-choice-1004256/"><img align="left" src="/uploads/images/40824015_s.jpg" width="180px" alt="" 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HTTPReferer [empty string]
Mailto siva@globallegalpost.com
Message Unable to read the source URL.
QueryString [empty string]
RemoteAddress 54.163.42.154
RootCause
struct
Detail No buffer space available (maximum connections reached?): connect
Message Unable to read the source URL.
StackTrace coldfusion.syndication.FeedReader$UnableToReadSourceURLException: Unable to read the source URL. at coldfusion.syndication.FeedReader.readFeed(FeedReader.java:122) at coldfusion.syndication.FeedReader.<init>(FeedReader.java:94) at coldfusion.tagext.io.FeedTag.doStartTag(FeedTag.java:92) at coldfusion.runtime.CfJspPage._emptyTcfTag(CfJspPage.java:2722) at cffooter2ecfm526819990.runPage(D:\websites\globallegalpost.live\www.globallegalpost.com\public\includes\layout\footer.cfm:269) at coldfusion.runtime.CfJspPage.invoke(CfJspPage.java:231) at coldfusion.tagext.lang.IncludeTag.doStartTag(IncludeTag.java:416) at coldfusion.runtime.CfJspPage._emptyTcfTag(CfJspPage.java:2722) at cfshow2darticle2ecfm269784887.runPage(D:\websites\globallegalpost.live\www.globallegalpost.com\public\includes\functional\show-article.cfm:348) at coldfusion.runtime.CfJspPage.invoke(CfJspPage.java:231) at coldfusion.tagext.lang.IncludeTag.doStartTag(IncludeTag.java:416) at coldfusion.runtime.CfJspPage._emptyTcfTag(CfJspPage.java:2722) at cfindex2ecfm774712356.runPage(D:\websites\globallegalpost.live\www.globallegalpost.com\public\big-stories\private-equity-set-to-boom-in-africa-86700035\index.cfm:15) at coldfusion.runtime.CfJspPage.invoke(CfJspPage.java:231) at coldfusion.tagext.lang.IncludeTag.doStartTag(IncludeTag.java:416) at coldfusion.filter.CfincludeFilter.invoke(CfincludeFilter.java:65) at coldfusion.filter.ApplicationFilter.invoke(ApplicationFilter.java:381) at coldfusion.filter.RequestMonitorFilter.invoke(RequestMonitorFilter.java:48) at coldfusion.filter.MonitoringFilter.invoke(MonitoringFilter.java:40) at coldfusion.filter.PathFilter.invoke(PathFilter.java:94) at coldfusion.filter.ExceptionFilter.invoke(ExceptionFilter.java:70) at coldfusion.filter.ClientScopePersistenceFilter.invoke(ClientScopePersistenceFilter.java:28) at coldfusion.filter.BrowserFilter.invoke(BrowserFilter.java:38) at coldfusion.filter.NoCacheFilter.invoke(NoCacheFilter.java:46) at coldfusion.filter.GlobalsFilter.invoke(GlobalsFilter.java:38) at coldfusion.filter.DatasourceFilter.invoke(DatasourceFilter.java:22) at coldfusion.filter.CachingFilter.invoke(CachingFilter.java:62) at coldfusion.CfmServlet.service(CfmServlet.java:200) at coldfusion.bootstrap.BootstrapServlet.service(BootstrapServlet.java:89) at jrun.servlet.FilterChain.doFilter(FilterChain.java:86) at coldfusion.monitor.event.MonitoringServletFilter.doFilter(MonitoringServletFilter.java:42) at coldfusion.bootstrap.BootstrapFilter.doFilter(BootstrapFilter.java:46) at jrun.servlet.FilterChain.doFilter(FilterChain.java:94) at jrun.servlet.FilterChain.service(FilterChain.java:101) at jrun.servlet.ServletInvoker.invoke(ServletInvoker.java:106) at jrun.servlet.JRunInvokerChain.invokeNext(JRunInvokerChain.java:42) at jrun.servlet.JRunRequestDispatcher.invoke(JRunRequestDispatcher.java:286) at jrun.servlet.ServletEngineService.dispatch(ServletEngineService.java:543) at jrun.servlet.jrpp.JRunProxyService.invokeRunnable(JRunProxyService.java:203) at jrunx.scheduler.ThreadPool$DownstreamMetrics.invokeRunnable(ThreadPool.java:320) at jrunx.scheduler.ThreadPool$ThreadThrottle.invokeRunnable(ThreadPool.java:428) at jrunx.scheduler.ThreadPool$UpstreamMetrics.invokeRunnable(ThreadPool.java:266) at jrunx.scheduler.WorkerThread.run(WorkerThread.java:66)
TagContext
array
1
struct
COLUMN 0
ID CFFEED
LINE 269
RAW_TRACE at cffooter2ecfm526819990.runPage(D:\websites\globallegalpost.live\www.globallegalpost.com\public\includes\layout\footer.cfm:269)
TEMPLATE D:\websites\globallegalpost.live\www.globallegalpost.com\public\includes\layout\footer.cfm
TYPE CFML
2
struct
COLUMN 0
ID CFINCLUDE
LINE 348
RAW_TRACE at cfshow2darticle2ecfm269784887.runPage(D:\websites\globallegalpost.live\www.globallegalpost.com\public\includes\functional\show-article.cfm:348)
TEMPLATE D:\websites\globallegalpost.live\www.globallegalpost.com\public\includes\functional\show-article.cfm
TYPE CFML
3
struct
COLUMN 0
ID CFINCLUDE
LINE 15
RAW_TRACE at cfindex2ecfm774712356.runPage(D:\websites\globallegalpost.live\www.globallegalpost.com\public\big-stories\private-equity-set-to-boom-in-africa-86700035\index.cfm:15)
TEMPLATE D:\websites\globallegalpost.live\www.globallegalpost.com\public\big-stories\private-equity-set-to-boom-in-africa-86700035\index.cfm
TYPE CFML
Type Application
message Unable to read the source URL.
StackTrace coldfusion.syndication.FeedReader$UnableToReadSourceURLException: Unable to read the source URL. at coldfusion.syndication.FeedReader.readFeed(FeedReader.java:122) at coldfusion.syndication.FeedReader.<init>(FeedReader.java:94) at coldfusion.tagext.io.FeedTag.doStartTag(FeedTag.java:92) at coldfusion.runtime.CfJspPage._emptyTcfTag(CfJspPage.java:2722) at cffooter2ecfm526819990.runPage(D:\websites\globallegalpost.live\www.globallegalpost.com\public\includes\layout\footer.cfm:269) at coldfusion.runtime.CfJspPage.invoke(CfJspPage.java:231) at coldfusion.tagext.lang.IncludeTag.doStartTag(IncludeTag.java:416) at coldfusion.runtime.CfJspPage._emptyTcfTag(CfJspPage.java:2722) at cfshow2darticle2ecfm269784887.runPage(D:\websites\globallegalpost.live\www.globallegalpost.com\public\includes\functional\show-article.cfm:348) at coldfusion.runtime.CfJspPage.invoke(CfJspPage.java:231) at coldfusion.tagext.lang.IncludeTag.doStartTag(IncludeTag.java:416) at coldfusion.runtime.CfJspPage._emptyTcfTag(CfJspPage.java:2722) at cfindex2ecfm774712356.runPage(D:\websites\globallegalpost.live\www.globallegalpost.com\public\big-stories\private-equity-set-to-boom-in-africa-86700035\index.cfm:15) at coldfusion.runtime.CfJspPage.invoke(CfJspPage.java:231) at coldfusion.tagext.lang.IncludeTag.doStartTag(IncludeTag.java:416) at coldfusion.filter.CfincludeFilter.invoke(CfincludeFilter.java:65) at coldfusion.filter.ApplicationFilter.invoke(ApplicationFilter.java:381) at coldfusion.filter.RequestMonitorFilter.invoke(RequestMonitorFilter.java:48) at coldfusion.filter.MonitoringFilter.invoke(MonitoringFilter.java:40) at coldfusion.filter.PathFilter.invoke(PathFilter.java:94) at coldfusion.filter.ExceptionFilter.invoke(ExceptionFilter.java:70) at coldfusion.filter.ClientScopePersistenceFilter.invoke(ClientScopePersistenceFilter.java:28) at coldfusion.filter.BrowserFilter.invoke(BrowserFilter.java:38) at coldfusion.filter.NoCacheFilter.invoke(NoCacheFilter.java:46) at coldfusion.filter.GlobalsFilter.invoke(GlobalsFilter.java:38) at coldfusion.filter.DatasourceFilter.invoke(DatasourceFilter.java:22) at coldfusion.filter.CachingFilter.invoke(CachingFilter.java:62) at coldfusion.CfmServlet.service(CfmServlet.java:200) at coldfusion.bootstrap.BootstrapServlet.service(BootstrapServlet.java:89) at jrun.servlet.FilterChain.doFilter(FilterChain.java:86) at coldfusion.monitor.event.MonitoringServletFilter.doFilter(MonitoringServletFilter.java:42) at coldfusion.bootstrap.BootstrapFilter.doFilter(BootstrapFilter.java:46) at jrun.servlet.FilterChain.doFilter(FilterChain.java:94) at jrun.servlet.FilterChain.service(FilterChain.java:101) at jrun.servlet.ServletInvoker.invoke(ServletInvoker.java:106) at jrun.servlet.JRunInvokerChain.invokeNext(JRunInvokerChain.java:42) at jrun.servlet.JRunRequestDispatcher.invoke(JRunRequestDispatcher.java:286) at jrun.servlet.ServletEngineService.dispatch(ServletEngineService.java:543) at jrun.servlet.jrpp.JRunProxyService.invokeRunnable(JRunProxyService.java:203) at jrunx.scheduler.ThreadPool$DownstreamMetrics.invokeRunnable(ThreadPool.java:320) at jrunx.scheduler.ThreadPool$ThreadThrottle.invokeRunnable(ThreadPool.java:428) at jrunx.scheduler.ThreadPool$UpstreamMetrics.invokeRunnable(ThreadPool.java:266) at jrunx.scheduler.WorkerThread.run(WorkerThread.java:66)
TagContext
array
1
struct
COLUMN 0
ID CFFEED
LINE 269
RAW_TRACE at cffooter2ecfm526819990.runPage(D:\websites\globallegalpost.live\www.globallegalpost.com\public\includes\layout\footer.cfm:269)
TEMPLATE D:\websites\globallegalpost.live\www.globallegalpost.com\public\includes\layout\footer.cfm
TYPE CFML
2
struct
COLUMN 0
ID CFINCLUDE
LINE 348
RAW_TRACE at cfshow2darticle2ecfm269784887.runPage(D:\websites\globallegalpost.live\www.globallegalpost.com\public\includes\functional\show-article.cfm:348)
TEMPLATE D:\websites\globallegalpost.live\www.globallegalpost.com\public\includes\functional\show-article.cfm
TYPE CFML
3
struct
COLUMN 0
ID CFINCLUDE
LINE 15
RAW_TRACE at cfindex2ecfm774712356.runPage(D:\websites\globallegalpost.live\www.globallegalpost.com\public\big-stories\private-equity-set-to-boom-in-africa-86700035\index.cfm:15)
TEMPLATE D:\websites\globallegalpost.live\www.globallegalpost.com\public\big-stories\private-equity-set-to-boom-in-africa-86700035\index.cfm
TYPE CFML
Template /big-stories/private-equity-set-to-boom-in-africa-86700035/index.cfm
Type coldfusion.runtime.CfErrorWrapper