Private capital investment activity in Africa reached $3.7bn in 2024, a 27% decline year over year, according to GPCA’s 2025 Industry Data & Analysis. Africa Global Funds caught up with Jeff Schlapinski, Global Private Capital Association’s Managing Director of Research, to discuss latest findings. Read our interview on pp.14-15.

In this month’s edition, Evon Jeewan, Corporate Finance Principal at investment banking and advisory firm Bravura, explores the emerging investment opportunities in Africa’s digital infrastructure sector. As companies merge and acquire to scale operations, enhance efficiencies, and drive innovation, the evolving landscape presents a compelling case for strategic investment in the continent’s expanding connectivity ecosystem. Read on p.16.

In addition, Gavin Serkin writes about the launch of M.V. Mpungu, East Africa’s first scheduled RoRo freight vessel on Lake Victoria, which represents a breakthrough in regional logistics, offering a faster, more cost-efficient, and sustainable alternative to congested road transport while unlocking new trade opportunities for landlocked nations (p.17).

This month, Olufisayo Olanrewaju shares his thoughts onNigeria’s money market.  Foreign investors in Nigeria’s money market have enjoyed high returns through carry trades, but falling yields and potential Naira depreciation pose growing risks to their strategy (p.22).