With the year 2018 now officially upon us, we thought it wise to make a few economic and political predictions for the African continent in the year ahead.
More Francophone West Africa private equity deals and offices
Francophone Africa has been the talk of the continent for a couple of years now. Yet the presence of firms, especially those with local offices, remain quite low compared to southern and eastern (let alone northern) Africa. Many investors report deal flow in the region but a language gap and a lack of familiarity (or absence of local team members) are the hurdles stalling transactions.
This should change in 2018 as the waiting game is likely getting ‘too old’ for some firms…the trajectory continues to trend up! A bump in growth in Ghana and Nigeria can only be a nice additive to the Francophone story.
Kenya will economically over-perform in 2018
It is no secret that 2017 was a tough year for Kenya. Two election processes to re-elect President Uhuru Kenyatta slowed economic growth and cost the country a significant amount of money. The election process is done but with remnants of tension throughout the country. The economic energy and capital restricted (or held back) by Click here to read entire article