Happy New Year! We hope you had a good start to 2022! In this month’s issue of Africa Global Funds, we speak with industry experts on the outlook for African markets. Read on to find what surprised them in 2021, their expectations for 2022, trends, challenges and investment opportunities that they see on pp. 14-17.

On the private equity front, we ask industry professionals about the emerging trends that the African Private Equity Industry can expect to see in 2022 (read on pp. 12-13).

For infrastructure investors, Emile du Toit of Harith, writes why Perpetual Capital Vehicles are key to infrastructure investment in Africa on p. 22.

On the fundraising front, learn about new fund from Verdant Capital and KfW. The inno- vative new fund will invest hybrid capital in top performing inclusive financial institutions, thereby filling an important gap in the market (p.4).