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2025 was an interesting year for African PE: volumes softened, value held, and strategy evolved. Our new Private Capital Activity Report breaks down where capital concentrated, how deal structures shifted, and what this signals for 2026. Download the full report here to learn more ➡️ stears.co/info/2025-priv…

Nigeria’s bank recapitalisation is quietly testing the depth of its capital markets. After the Central Bank raised minimum capital thresholds in 2024, banks mobilised ₦4.05tn (~$2.9bn) in new equity within two years, with 30 of 33 banks meeting the requirement by March 2026. Nigeria’s equity market may be able to absorb more large-scale issuance than recent non-bank deal flow suggests. Request a trial to track the capital flows shaping African markets. bit.ly/4lx5gd0

North Africa’s capital flows are becoming more differentiated. Amidst tensions, Egypt captured ~69% of disclosed deals in February, reinforcing its role as the region’s capital hub. Meanwhile, Morocco is attracting new industrial investment, including Safran’s €280m aerospace facility, while Algeria and Tunisia push digital infrastructure reforms. We break down the capital flows, sectors and deal dynamics on Stears. Request a trial: bit.ly/4lx5gd0

AfCFTA may be Africa’s most important economic experiment in decades. 54 countries are lowering tariffs on ~90% of goods while tackling non-tariff barriers. Early results we expect include • Border clearance times falling on major corridors • Logistics costs declining • Intra-African trade rising to 14.9% Source: Stears Research. Read more: share.hsforms.com/1Koufu6ZETZKZZ…

Last week, we analysed medical equipment in Southern & North Africa. This week: East & West Africa. Medical equipment across these regions remains largely import-dependent, making distributors, rather than manufacturers, the strategic entry point. Demand is concentrated in Nigeria, Kenya, and Tanzania, and capital is flowing toward platforms with regulatory depth, servicing networks, and OEM partnerships. If you’re underwriting healthcare infrastructure exposure, request a Stears trial for deeper analysis: share.hsforms.com/1Koufu6ZETZKZZ…

25% of Africa’s recorded private capital deals in 2025 happened in South Africa. That concentration tells you something. Regulatory depth + deal maturity + scalable assets = capital gravity. Activity is clustering around: • Telecoms & fibre • Visible exit pathways • Expanding private debt markets For GPs, it’s a proving ground. For LPs, it’s the reference market. Source: Stears Research. Benchmark capital inflows and sector concentration in our 2025 report. Download here: stears.co/info/2025-priv…

West Africa is quietly engineering funding optionality. Benin’s $500m sukuk drew $3.9bn+ in orders, priced alongside a Eurobond reopening. Nigeria’s six domestic sukuk issuances since 2017 have lifted outstanding stock to ₦1.29tn by September 2025. This is not symbolic diversification. It reflects segmentation of the global capital pool, expanding the investor base beyond traditional EM-dedicated funds and accessing pools structurally restricted from holding conventional debt. For sovereign issuers, that reshapes refinancing risk and demand resilience. Source: Stears Research. For deeper sovereign funding and capital flow intelligence, request trial access: share.hsforms.com/1Koufu6ZETZKZZ…

Consumer Staples took the deal crown in 2025. For the first time, it outpaced Energy and Financial Services in anchoring Africa’s two largest private capital deals. From @CocaCola HBC’s CCBA acquisition to Asahi and @Diageo_NA portfolio reshuffles, capital is backing African demand for the long haul. See where capital is rotating next ➡️stears.co/info/2025-priv… #FMCG #ConsumerDemand #AfricaMarkets #DealFlowAnalysis

The real moat in African medical equipment isn’t the hardware, it’s the route to market. This industry is split into four structurally different channels: • Public procurement • Private hospital networks • Independent clinics & labs • Donor-funded programmes Each carries a different margin profile, working capital cycle, and payment risk. For LPs and GPs, this isn’t academic. Channel strategy determines cash conversion, risk exposure, and exit optionality. Valuation isn’t driven by topline growth alone it’s channel mix, OEM positioning, and service depth. The winners will integrate lifecycle services, scale regionally, and build recurring revenue engines. Access the full proprietary African healthcare investment data here➡️ share.hsforms.com/1Koufu6ZETZKZZ…

Africa’s capacity to absorb multi-billion-dollar deals just shifted. In 2025, five transactions topped $2bn. In 2024, only one did. Global capital is rotating from early-stage risk to scaled, de-risked platforms. Source: Stears Research, 2025 Private Capital in Africa Activity Report Track where the next billion-dollar deal will land → shorturl.at/vnMTb #MegaDeals #PrivateEquityAfrica #StrategicCapital #FrontierMarkets

Africa’s private capital data—now at your fingertips. Stears is the only data platform built exclusively for Africa’s private capital market. Get instant access to company data, financials, transaction histories, macro trends & exclusive insights across 54 countries. Request a trial today: share.hsforms.com/1Koufu6ZETZKZZ… #AVCA2025 #StearsData

With Egypt's inflation near 15% in 2024, down from a 30% peak, IMF reforms are boosting investor optimism. Discover what else is buoying investor sentiment in the Africa Capital in 2025 report: bit.ly/3Qs8q2V

The DRC’s mining sector, at 70% of GDP, remains pivotal, yet security concerns slow FDI. GDP growth was 6.2% in 2024, with inflation easing slightly. 2025 sees new oil/gas targets, but risks are still significant. Download the Africa Capital in 2025 report to assess the opportunities in the DRC bit.ly/3Qs8q2V

In Côte d’Ivoire, it’s no longer just cocoa. Cashew incubators & a growing Foodtech scene expand agro-processing. Add a 45% renewables target (COP26), and you have a bold growth story. Download the Africa Capital in 2025 Report to future-proof your investments. bit.ly/3Qs8q2V

Cameroon’s private capital inflows surged 55.6% in 2024. Agriculture is set for 3.8% CAGR with cocoa & plantain expansions. But key elections may shift policy. Download the Africa Capital in 2025 Report to explore investment opportunities for private capital in Cameroon: bit.ly/3X1NumP

Where is Africa’s private capital heading in 2025? From shifting investor sentiment to deal activity hotspots, our latest report breaks it all down. Download the report to discover your 2025 investment strategy: bit.ly/3Qs8q2V

Through @StearsOpenData our new non-profit initiative, we have expanded democracy data Africa-wide. We also produce critical data spanning population and urbanization challenges, enabling leaders and engaged citizens to plan for Africa's growth. #OpenData #Africa #DataForGood

How is Africa’s private capital market shifting in 2025? ▪️ Debt and structured finance persist ▪️ Infrastructure & energy are top investment hotspots ▪️ Fintech remains strong, despite global slowdowns ▪️ Elections & policy shifts are shaping investor confidence Download the Africa Capital in 2025 report now: buff.ly/3D9aMAx #AfricaInvestment #PrivateCapital #Infrastructure #DebtMarkets #Fintech #EconomicGrowth #StearsReport

Introducing Open Data, our non-profit initiative that provides free access to insights on Africa’s urbanization, governance, and public goods. Follow @StearsOpenData to stay updated. #OpenData #Africa #DataForGood

Equity financing dominated African private capital markets in 2024, accounting for 81% of transactions. Explore this and more in the full report: bit.ly/40SyLNK