Africa’s private investments declined by three percent to $6.3 billion in 2022 as global risk aversion severely affected private equity and venture capital fundraising in the continent.
A new report by the European Investment Bank titled Finance in Africa: Uncertain times, resilient banks: African finance at a crossroads shows that the total fundraising in the continent fell by 35 percent to $2.1 billion, the lowest figure for the continent in nine years.
