Increased confidence in West Africa-focused private equity

Abidjan, Ivory Coast

Although Africa still only makes up a small portion of the private equity market, interest is on the rise as a result of a burgeoning middle class and strong growth figures across the continent as a whole.

Economic activity within West Africa tends to be dominated by oil-rich Nigeria, but other countries in the region are also showing promising figures. Preqin’s Funds in Market online service currently tracks 29 private equity vehicles that are seeking to raise an aggregate total of nearly USD80bn in capital for investment within West Africa, or as part of a wider geographical focus.

Read more: Increased confidence in West Africa-Focused Private Equity – November 2014 | Hedgeweek.