Private equity investment in Africa heats up as pension funds stay local

Jeff Schlapinski, Director of Research, EMPEA

African private equity is having its moment in the sun, with pension funds on the continent ready to invest in their own backyard as investment banks continue to retreat from lending and domestic strategies mature.

Sources cited East Africa as “hot.” Countries such as Tanzania, Kenya, Ethiopia and Rwanda were mentioned as offering emerging opportunities in private equity, while Nigeria — whose attractiveness as an investment destination took a brief hiatus this year when its currency was crippled by the collapse in oil prices — also is back in vogue.

Read more: Africa investment heats up as pension funds stay local – Pensions & Investments