Africa Investment Report 2025: Capital Flows, Trends and Outlook

AOI flagship annual report: Africa Investment Report 2025: Capital Flows, Trends and Outlook
Capital flows to Africa in 2024 reflect a market finding equilibrium after 2021-2023 volatility. Venture capital has stabilised; private equity is growing selectively; development finance institutions are more active than ever; and FDI continues toward growing markets and resource base. The overall picture is mature and selective — genuine opportunities for well-prepared capital.
Outlook 2025–2027
Strongest return opportunities: B2B commerce infrastructure (digitalising African supply chains as AfCFTA accelerates); climate technology at commercial scale (renewable energy, off-grid, climate-smart agriculture crossing viability thresholds); financial services deepening (embedded finance, SME credit, insurance for underserved segments); healthcare technology (accelerating as digitalisation investment grows). Each combines large addressable market, improving enabling infrastructure, and growing investor interest.