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10 September 2015

Atta Africa Financial Update

Key commercial and political activity in Africa for private equity investors by DCE Partners, UK Private Equity advisors to Atta

Executive summary: Africa is bucking the global FDI trend

According to the latest World Investment Report published by the UN, total global foreign direct investment (FDI) inflows fell by 16 percent to US$1.23 trillion in 2014 - but despite the global decline, Africa as a whole managed to hold FDI inflows constant at US$54 billion and its share of global FDI increased from 3.7 percent to 4.4 percent.

Flows to sub-Saharan Africa increased by 5 percent to US$42bn, mostly buoyed by a 33 percent increase in flows to Central Africa.
FDI in East Africa also showed a positive change, growing 11 percent; flows to west Africa and southern Africa declined slightly.
South Africa remained the most popular country in Africa for FDI, attracting US$5.7bn. While this put South Africa slightly ahead of Congo, Mozambique, and Nigeria it represented a 31.2 percent decline in its FDI compared with 2013.

In terms of African FDI outflows, South Africa was by far the largest contributor, investing US$6.9bn outside of its borders – much of this investment was destined for other African economies.

South African multinational corporations invested primarily in telecoms, mining and retail.

Dot Com Zambia raises US$500k from Kukula Capital and EVentures Africa
 
  • Zambia-based ecommerce platform, Dot Com Zambia has received investment worth US$500,000 from Zambia-based venture finance and private equity firm, Kukula Capital and eVentures Africa Fund
  • Dot Com is expecting to roll out its ticketing platform, Bus Tickets Zambia, shortly
  • Founded in 2009, Dot Com Zambia started out as a shopping platform through which individuals in Zimbabwe can purchase goods from foreign retail outlets