Institutional investors are one of the main drivers of the development of capital markets, and Africa’s investment pools are growing fast. With a tremendous increase expected in both pension and insurance assets, Africa is its own biggest investor.
As an enabler of investment, infrastructure development is crucial. The low level of government revenue in some African countries represents a serious barrier to development, increasing the focus on partnerships between public and private entities.
Investment management focused on both listed and unlisted markets continues to mature year–on-year. Listed equity markets are showing improved liquidity, and private equity remains a key route to access consumer-facing companies, industrials and even infrastructure.