Private Equity, Risk, and Reward in Africa

Carolyn Campbell

Chapter Chapter 12 in Private Equity in Emerging Markets, 2012, pp 135-144 from Palgrave Macmillan

Abstract: Abstract Africa is experiencing a renaissance after years of false starts and bad press. Private equity, risk capital that only flows in when the landscape appears sufficiently safe and fecund, has risen to $1.5 billion since 2000 from a very low base. Across the continent, home to six of the world’s ten fastest-growing economies, many countries have seen positive growth rates and economic improvement, surprisingly outside of the oil-producing countries. The economic revival has accompanied a seismic political shift, with the majority of the African countries holding multi-party elections for the first time since the independence movements of the 1960s. Meanwhile, education and enhancements in human capital have swept the continent, with a rapid expansion in schooling since the 1970s. The vast majority of Africans now attend school, adult literacy rates have soared, and modern economic management techniques are permeating business. Freedoms such as civic and media openness are unprecedented and have moved Africa squarely onto the global economic map.

Keywords: Corporate Governance; Hedge Fund; Private Equity; Ivory Coast; Political Risk (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-30943-3_12

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DOI: 10.1057/9781137309433_12

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