In 2020, Africa recorded its highest level of project financing in a decade in terms of investment value with 28 deals, totalling $30.07bn, reaching financial close, according to Linklaters.
Despite there being a similar number of projects, 2020 saw double the value of deals in comparison to 2019, which recorded $12.65bn.
Andrew Jones, Head of Linklaters’ Africa group, said: “Like all countries, the major economies in Africa were impacted by the Covid-19 pandemic. Its therefore interesting that the continent recorded its highest level of project financing in a decade last year. This is indicative of the resilience and sound fundamentals of the continent and how the region continues to present exciting opportunities for long-term investors.”
For more information, please see https://www.africaglobalfunds.com/news/private-equity/pe-industry-news/africa-records-highest-project-finance-deal-value-in 2020/#:~:text=In%202020%2C%20Africa%20recorded%20its,financial%20close%2C%20according%20to%20Linklaters