Consumer demand will drive the next wave of private equity investments in Africa, says KPMG Partner Dapo Okubadejo

Dapo Okubadejo, Partner & Africa Head, Deal Advisory & Private Equity, KPMG

Though Africa has been described as the last frontier market for natural and mineral resources, market trends indicate that it is in fact meeting current needs of the 1 billion plus population and, the future demands of the rapidly emerging middle class consumers, that will drive the next wave of private equity investment on the continent.

According to Dapo Okubadejo, ‎Partner & Africa Head, Deal Advisory & Private Equity at KPMG; “Throughout our ongoing interactions with foreign investors, it is clear that concerns about ‘red tape’ and perceived corruption are still top of mind for investors who are looking to enter African markets. However, even once potential complexities related to these two issues have been discussed and overcome, there is a growing consensus that investors are more keen to do business in sectors that have little to no direct involvement with government or through structures that limit government control and undue influence”

Read more: Consumer demand will drive the next wave of African PE investments – Blog KPMG Africa

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