Is Africa Ready To Grow From Within
African private equity has witnessed significant swings over the last decade. The Africa Rising narrative attracted interest from large local and foreign LPs, leading to record level of fundraising and investing activity. However, the commodity-price driven macro slow down and currency devaluations caused many to wonder whether the traditional PE model is suitable for the continent. What are the key challenges facing PE firms in Africa? Are these challenges transient or fundamental? Does this call for a change in strategy? What key lessons have been learnt by firms?