The Q2 2025 Stears Private Capital in Africa Report analyses African private market transactions for Q2 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.
Q2 2025 regional dynamics
In terms of regional rankings, West Africa rebounded from third place in Q1 2025 to lead transaction activity in Q2, accounting for 43% of all African transactions. East Africa and Southern Africa were tied in second position, each recording 31%.
- Central Africa: The Democratic Republic of Congo (DRC) led transaction activity, featuring in 73% of regional deals, as investors intensified interest in the country. Cameroon followed closely, participating in 45% of deals. Single-country transactions remain rare in Central Africa, with only one recorded in each of the DRC and Cameroon, reflecting the cross-border nature of investments common to the region.
- East Africa: Kenya again led activity in East
