JOHANNESBURG (Reuters) - From milk churning in Zimbabwe to rose
growing in Ethiopia, private equity investments in Africa have returned
to pre-crisis levels and should keep rising as funds seek bumper returns in far-flung markets.
Private equity deals in Africa totalled $8.1 billion last year,
the second highest on record after the $8.3 billion posted in 2007,
according to the African Private Equity and Venture Capital Association
This year could be even bigger as investors tired of low
returns in developed markets look to cash in on the rapidly emerging
middle-class consumers in Africa - home to many of the fastest growing
economies in the world.
Private equity deals in Africa between 2007 and 2013 earned 60 percent more than the MSCI emerging market index, AVCA says.