SAVCASouth African Venture Capitalists Association
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While as much as $50 billion allocated to private equity in Africa has yet to be invested, according to SAVCA, it seems buyout firms are increasingly targeting markets such as Kenya and Nigeria, Africa's largest economy, where expansion this year is forecast by the International Monetary Fund to be more than double that of South Africa.
They are particularly interested in the high employment and development characteristics that tend to accompany private equity investment," says Erika van der Merwe, CEO of SAVCA.
Yet a recent report produced by AVCA, RisCura and the SAVCA concluded that 80% of investors expect African private equity to outperform African listed equity over the next 10 years.