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).
Overview of private capital transaction activity
The African private capital market began 2025 robustly, with Stears recording 105 transactions in Q1 2025, broadly consistent with the 106 transactions seen in Q4 2024 and significantly higher than the 88 transactions recorded in Q1 2024. Despite this sustained transactional momentum, disclosed transaction values noticeably dipped to $1.6 billion, a sharp decline from $4.7 billion in the previous quarter and below the $2.9 billion recorded in Q1 2024. This reduction occurred even as disclosure rates improved slightly to 62% from 58% in Q4 2024 and
