Women Rising
Roughly 200 private equity firms manage $30 billion in assets in Africa, up from next to none 20 years ago. Half of that capital was raised and invested in the past five years. Compared to PE in the US and Europe, however, where large deals and creative financial modeling and engineering dominates, the promise (paywall) for Africa’s sector is in mid-size companies with $10 to $100 million in revenues. Such growth companies are significant drivers of jobs and development.
