Opinion

Outlook for PE investment in Africa in 2023

Word count: 818

Far from the return to normal that many thought it would be, 2022 presented a whole host of new geopolitical and economic challenges that completely upended the investment landscape. Supply chain issues - already a problem during the COVID-19 pandemic - were aggravated by the war in Ukraine and ongoing tensions between China and the West. Those issues helped exacerbate the kind of inflation not seen for decades. In a bid to curb inflation, central banks around the world have dramatically increased interest rates, effectively bringing to an end to the era of “free money” that followed the 2008 Financial Crisis.