Market conditions

In this section the market conditions that influence private equity pricing in African markets are discussed. First, we cover the theoretical cost of equity, which reflects the risk and reward profile of the markets. Secondly the supply and demand of capital in the private market is reviewed by examining fundraising for private equity funds. Lastly, we discuss the pricing of the listed market. Improved market conditions are evident in Africa’s reduced cost of equity, which bodes well for investors into Africa.