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.
Kevin Okyere, CEO, Springfield Group
Upstream development and deepwater exploration in Ghana drives sector growth
In this Global Platform video, Kevin Okyere, CEO of Springfield Group, talks about Ghana’s upstream sector and Springfield becoming the first independent African energy company to drill in deepwater. Recent advancements in upstream activities have created more employment opportunities in the local economy, and natural gas is set to play a huge role in the development of the country and Africa. As Ghana’s energy capacity continues to grow, it will soon be in the position to export electricity to neighbouring countries.