2026 Investor Sentiment and Outlook
AVCAThe survey draws on 29 Limited Partners (LPs) managing US$766bn globally and 69 General Partners (GPs) collectively overseeing US$16bn.
AVCA
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2025 African Private Capital Activity Report
African-focused managers raised US$2.7bn in final closes (-34% YoY) across 16 funds in 2025.
2025 Venture Capital in Africa Report
Startups across Africa raised US$3.9bn across 506 deals in 2025, including US$1.8 billion of venture debt.
Private Capital Activity in Africa Q3 2025 YTD in Review
Year-to-date deal value declined to US$2.6bn, below the post-correction average of US$3.6bn, while 49% of transactions were undisclosed versus a 74% disclosure rate in 2023-2024.
Venture Capital Activity in Africa Q3 2025
122 deals were recorded in Q3 2025, a 17% YoY increase and a steady continuation from Q2.
Venture Capital in Africa Report (March 2025)
Africa's venture ecosystem raised US$3.6bn across 487 deals in 2024, including US$1.0 billion of venture debt.