Out of 212 private equity firms investing in 27 countries in Sub-Saharan Africa, 27 fund education, 26 energy projects

212 private equity firms with 298 offices are physically based across 27 sub-Saharan African countries, according to consultancy Asoko Insight and Africa Capital Digest, a research firm.

Among them, 10 largest firms, defined by funds under management, have over $1 billion each. They are:

  • Actis
  • African Capital Alliance
  • African Infrastructure Investment Managers
  • Brait
  • Development Partners International
  • Emerging Capital Partners
  • Harith General Partners
  • Helios Investment Partners
  • Investec Asset Managements
  • Old Mutual Capital

8 companies have between $500 million and $1 billion. South Africa, Kenya and Nigeria make home to most of these firms.

63 firms have funds ranging from $100 million to $500 million. 71 firms manage less than $100 million.

82 of the private equity firms based out of Sub-Saharan Africa pursue sector-agnostic investment strategies. This number diminishes in the following order: financial services, consumer goods (47 companies), agribusiness (41), health (40), tech (36), real estate (34), education (27), energy (26), infrastructure (25).