The Q3 2025 Stears Private Capital in Africa Activity Report analyses African private market transactions for Q3 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.
Methodology
This report is derived exclusively from the Stears Private Transactions Database, accessible through the Stears Data Platform. The database monitors private market activity in Africa, focusing on growth equity, private equity, private debt, infrastructure financing, and mergers and acquisitions. Transactions in the database are compiled from reliable third-party sources, including company websites, press releases, and investor reports, with each transaction independently verified by at least two separate sources.
Geographical and sector classifications
A single transaction may be associated with multiple countries/regions or sectors, reflecting the operational scope of the company involved. Consequently, regional and sector totals often exceed the underlying total number of transactions. As such, percentage shares in geographical and
