Four out of five of the fastest growing countries in the world right now are in Africa, with perhaps the most surprising being Libya, and the others being Ethiopia, Ghana, Cote D’Ivoire and Senegal.
By 2050, demographic growth predictions are that the continent’s population will be equal to that of Asia.
In tandem, the private equity industry is growing across the continent financing and developing start-up and growth businesses. Its maturing owes a significant debt to the world’s Development Finance Institutions (DFIs) that paved the way for financing where it was previously difficult or impossible to do so. Many private investors in Africa have partnered or worked with DFIs.