Finance(Ecofin Agency) - Private equity investors played it safe in the third quarter of 2023, as macroeconomic uncertainties persist in the global market. This amount, which is down 16% compared to the same period in 2022, brought the total PE investment on the continent in the first nine months of 2023 to $3.3 billion. The "Private Capital Activity in Africa Q3 2023: A quarter in review" report links this slowdown to enduring global macroeconomic uncertainties. Consequently, many private equity firms played it safe and adopted a more cautious approach, opting for smaller investment commitments. The report also reveals that managers of funds dedicated to Africa raised a total of $3 billion in the first nine months of 2023.

Source: The North Africa Journal November 02, 2023 12:00 UTC