Commercial News from Africa

West Africa ranked top private equity destination

For the third time in three years, West Africa, especially Nigeria, raked in more private equity (PE) deals than Southern Africa. According to the 2014 Deloitte’s East Africa Private Equity Confidence Survey, published this month, West Africa had the highest reported value of deals during 2013, surpassing Southern Africa and Eastern Africa. Deloitte’s statistics showed that in 2012, private equity deals in West Africa reached US$298.45 million compared to Southern Africa’s US$241.9 million.