Africa's Messy, Missing Middle Is The New Goldmine PE Players Are Quietly Digging In
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Africa's Messy, Missing Middle Is The New Goldmine PE Players Are Quietly Digging In
Not long ago, running a mid-sized business in Africa that is profitable and ambitious, but too small to catch the eye of global financiers, often meant being stuck. Banks wouldn’t extend meaningful credit without hard collateral, and Venture capital sought hypergrowth and buzzy fintech and e-commerce companies. And traditional private equity? Too busy building infrastructure portfolios. That left a gaping hole in the middle of the market. And in…
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