Private equity funding to Egypt surged 79% in 2022, a report indicates

Despite geopolitical tensions and a deteriorating macroeconomic situation worldwide, Egypt remained one of the most attractive destinations for investors in Africa over the past year. The country accounted for 57% of the value of transactions carried out in North Africa.

Private equity funds injected a record $877 million into Egyptian companies in 2022, despite an extremely difficult global macroeconomic environment, according to a report published in April by the African Private Equity and Venture Capital Association (AVCA).

Entitled "2023 AVCA Country Spotlight: Egypt", the report indicates that this amount is 79% higher than in 2021. Egypt accounted for 57% of the value of private equity transactions in North Africa over the past year, compared with 19% for Morocco, 10% for Algeria, and 1% for Tunisia, while 13% of investments were made in companies operating in the region, but headquartered elsewhere.   

The growth in invested amounts recorded in Egypt in 2022 reflects the rise in mega-deals in the $100-250 million range, which accounted for almost a third of the total value of transactions. Transactions in the $10-49 million range also almost doubled compared to 2021.