The Q1 2025 Stears Private Capital in Africa Report analyses African private market transactions for Q1 2025. It examines key trends in private investments, providing valuable insights for fund managers and corporate decision-makers on the countries, industries, and companies attracting private capital.
The Q1 2025 Stears Private Capital in Africa Report has been produced in partnership with the East Africa Venture Capital Association (EAVCA).
Regional Dynamics
Southern Africa started 2025 strongly, leading regional transaction activity with 37% of total African transactions. East Africa followed closely with 34%, while West Africa accounted for 31%. North Africa also experienced notable growth, accounting for 27% of transactions in Q1 2025, a material increase from its 22% share in FY 2024.
In terms of country trends within regions:
- Central Africa: Activity was concentrated in the Democratic Republic of Congo (DRC) and Cameroon, with all transactions involving at least one of these two countries.
- East Africa: Kenya
