2024 Deloitte Africa Private Equity Confidence Survey (PECS)

The Deloitte Africa Private Equity Confidence Survey (PECS) provides insights into how private equity (PE) practitioners view the African PE landscape, specifically their future expectations over the next 12 months, as well as regional macroeconomic perspectives across East, North, Southern, and West Africa.

In this edition we also provide expert insights that explore market dynamics, investment strategies, exit strategies, governance and ESG considerations.

Key highlights of the report

•    Economic climate

Africa’s economic climate is expected to improve across all regions.

The top regional focus of funds is on Kenya in East Africa, Tunisia in North Africa, South Africa in Southern Africa, and Nigeria in West Africa.

•    Investment landscape

In light of an expected uptick in the growth outlook in the next 12 to 24 months, exit activity is expected to pick up across all regions, with secondary sales to PE and sales to strategic investors expected to dominate exit routes.

•    Fundraising environment

Respondents highlight Governments/DFIs (sub-Saharan Africa) or fund of funds (North Africa) as the most preferred third-party sources in the next 12 months.

•    Sector focus

Agriculture/Agribusiness and Financial Services remain the key investment sectors in most regions.

Manufacturing, Healthcare, and Green Energy are also expected to receive increased investor focus in the next 12 months

View the press release here.