{"id":70283,"date":"2022-10-05T15:13:43","date_gmt":"2022-10-05T15:13:43","guid":{"rendered":"https:\/\/www.africa-press.net\/kenya\/all-news\/avcas-h1-earnings-up-on-improved-deals"},"modified":"2022-10-05T15:38:09","modified_gmt":"2022-10-05T15:38:09","slug":"avcas-h1-earnings-up-on-improved-deals","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/kenya\/all-news\/avcas-h1-earnings-up-on-improved-deals","title":{"rendered":"AVCA’s H1 earnings up on improved deals"},"content":{"rendered":"

Africa-Press – Kenya. <\/strong><\/span>African Private Equity and Venture Capital Association (AVCA) has announced its half-year result terming it one of the strongest ever recorded.<\/p>\n

It attributes the performance to an increased volume of deals, 338 which have generated a cumulative value worth $4.7 billion (Sh567.9 billion).<\/p>\n

The industry notes that the substantial amount of fresh capital raised by fund managers in 2021 as investors made deployments across various strategies and sectors, was among the factors that contributed to the strong deal activity.<\/p>\n

An increasing interest in Africa\u2019s venture ecosystem and the overall larger ticket sizes were also noted to have spurred the deals activity.<\/p>\n

\u201cInterest in Africa\u2019s venture ecosystem has not only attracted international investors and supported the development of domestic venture capital firms, but has also encouraged pan-African private equity firms to broaden strategy to include a focus on venture capital,\u201d AVCA says.<\/p>\n

Financials was the most active sector in the half-year period attracting 103 private capital investments which was almost double the levels of the same period last year.<\/p>\n

It was followed by the Industrials sector which also emerged as the second most active sector by value.<\/p>\n

West Africa continued to dominate private capital deals by a volume of 34 per cent.<\/p>\n

Senegal holds the third place, overtaking Co\u0302te d’Ivoire, to follow Nigeria and Ghana as having the largest shares of deal volume in the region.<\/p>\n

East Africa on the other hand experienced the strongest growth in its share of deal volume compared to the corresponding period last year.<\/p>\n

Kenya played a key role with early-stage venture deals in financials and consumer discretionary, mainly through online retailing contributing to the growth.<\/p>\n

Kenya recorded a total of 54 deals compared to 10 and 6 for Uganda and Tanzania respectively.<\/p>\n

Private capital exit activity also experienced notable growth. Fund managers achieved 22 full exits, which represents a 29 per cent increase compared to the corresponding period in 2021.<\/p>\n

However, private capital fundraising in Africa slowed down reaching $0.7 billion (Sh84.5 billion) in final closes. This is a 20 per cent drop compared to the same period last year.<\/p>\n

The decline mirrored the global trends, which mainly is the result of a challenging and competitive fundraising environment for fund managers.<\/p>\n

For More News And Analysis About Kenya<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Kenya. African Private Equity and Venture Capital Association (AVCA) has announced its half-year result terming it one of the strongest ever recorded. It attributes the performance to an increased volume of deals, 338 which have generated a cumulative value worth $4.7 billion (Sh567.9 billion). The industry notes that the substantial amount of fresh […]<\/p>\n","protected":false},"author":84,"featured_media":70282,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[6857,7003,544],"class_list":["post-70283","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-kenya","tag-kenya"],"yoast_head":"\nAVCA's H1 earnings up on improved deals - kenya<\/title>\n<meta name=\"description\" content=\"African Private Equity and Venture Capital Association (AVCA) has announced its half-year result terming it one of the s ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/kenya\/all-news\/avcas-h1-earnings-up-on-improved-deals\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AVCA's H1 earnings up on improved deals\" \/>\n<meta property=\"og:description\" content=\"African Private Equity and Venture Capital Association (AVCA) has announced its half-year result terming it one of the s ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/kenya\/all-news\/avcas-h1-earnings-up-on-improved-deals\" \/>\n<meta property=\"og:site_name\" content=\"kenya\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-05T15:13:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-10-05T15:38:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2022\/10\/postQueueImg_3-633da4bf47de2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"540\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/avcas-h1-earnings-up-on-improved-deals#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/avcas-h1-earnings-up-on-improved-deals\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"AVCA’s H1 earnings up on improved deals\",\"datePublished\":\"2022-10-05T15:13:43+00:00\",\"dateModified\":\"2022-10-05T15:38:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/avcas-h1-earnings-up-on-improved-deals\"},\"wordCount\":377,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/avcas-h1-earnings-up-on-improved-deals#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2022\/10\/postQueueImg_3-633da4bf47de2.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Kenya\",\"Kenya\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/kenya\/all-news\/avcas-h1-earnings-up-on-improved-deals#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/avcas-h1-earnings-up-on-improved-deals\",\"url\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/avcas-h1-earnings-up-on-improved-deals\",\"name\":\"AVCA's H1 earnings up on improved deals - 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