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 Sectoral Insights
African private capital activity in Q2 2025 saw familiar sectors remain dominant, though rankings shifted slightly. Consumer Goods & Services overtook Financial Services to claim the top spot, accounting for 27% of total transactions. Financial Services followed closely with 24%, while Technology (18%) and Energy & Utilities (14%) retained third and fourth place, respectively.
As in recent quarters, investment activity remained concentrated. Consumer Goods & Services and Financial Services alone represented 52% of total transactions, slightly lower than the 55% recorded in Q1 2025 but notably higher than the 41% in Q4 2024. Investors are sticking to their preferred sectors so far this year, maintaining a consistent focus
