Private equity funds injected a record $877 million into Egyptian companies in 2022, despite an extremely difficult global macroeconomic environment, according to a report published in April by the African Private Equity and Venture Capital Association (AVCA). Entitled "2023 AVCA Country Spotlight: Egypt", the report indicates that this amount is 79% higher than in 2021. The increase in the value of private equity transactions is mainly due to the country's "relatively solid and stable economic situation, which has made it attractive to investors from all over the world". The report also indicates that the cumulative value of private equity transactions carried out in Egypt between 2012 and 2022 reached $3.3 billion, spread over a total of 262 deals. This placed Egypt in the fourth position of the most popular destinations for private equity investors in Africa, behind South Africa, Nigeria, and Kenya.

Source: The North Africa Journal June 20, 2023 14:19 UTC