Five African nations qualified for the World Cup this year. PitchBook has examined the PE and VC scenes of competing countries several times already, but given the level of PE activity in Africa thus far in 2014, it seemed appropriate to see what's going on in the continent as a whole.
2014 has already seen 22 investments in Africa from U.S. and European investors alone, on track to be one of the most active years for the continent ever, according to the PitchBook Platform. Energy is a key industry for PE investment in the region this year. Earlier this month, Actis bought AES-SONEL, an electrical power distributor in Cameroon, from AES (NYSE: AES) for $202 million. As population booms and incomes continue rising across Africa, energy infrastructure will most likely remain a crucial investment focus. As will food, as producers take advantage of abundant natural resources and consumers increasingly demand meat; also this month, 8 Miles backed Biyinzika Poultry International, a poultry producer. BPI's Ugandan location sets it apart from most of the other African deals by U.S. and European investors since the start of 2007, as South Africa logged the most deals for a single country with 33, followed by Nigeria (24) and Kenya (13).