2025 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 the human factors driving performance in African private equity, resilience strategies for West Africa, decision-making objectivity, exit levers, deal sourcing, emerging trends shaping M&A in Africa, and the importance of conviction-driven deal-making.
Key highlights of the report
Economic climate
Africa’s real GDP growth is projected at 3.9% in 2025 and 4% in 2026, making Africa the second fastest-growing region globally.
Risks include currency depreciation, high debt costs, and declining global aid faced by African countries.
Investment landscape
PE activity is expected to increase or remain stable across regions, though deal sizes will stay below US$50m.
Longer investment lifecycles are anticipated due to economic uncertainty.
Fundraising environment
Fundraising is expected to improve in East and West Africa, with Europe and the U.S. remaining key capital sources for PE in Africa.
Sector focus
Agriculture/Agribusiness and Financial Services remain priority sectors, with growing interest in Manufacturing, Healthcare, Food & Beverages, and Green Energy.
Temitope Odukoya
Angela Rogan
