CATEGORY: OBG Talks
The African PE industry has become increasingly complex and diverse, with the arrival of global institutional investors in recent years paving the way for some of the world’s largest firms to enter the market. Between 2014 and 2019 the total value of the 1053 PE deals reported in Africa reached $25.4bn. While deal volumes have maintained an upward trend, their value has gradually eased, suggesting growing investor interest but smaller deal sizes. Moreover, in addition to consumer-driven industries, PE fund managers have diversified their strategies to invest across a variety of sectors such as IT, renewable energy, infrastructure and real estate.
For many countries across Africa, agriculture remains one of the most important sectors of the economy.
At the beginning of 2020, the Algerian Government announced the creation of the Ministry of Pharmaceutical Industry, headed by Lotfi Benbahmed. The objective behind the creation of this Ministry was to promote the local production of pharmaceutical products, in view of bringing Algeria at the forefront of production and positioning the country as a regional hub in the sector.