Forex risks dampen private equity appetite for investing
Almost two-thirds of general partners said currency volatility had a negative impact on their African private equity returns, including 41 percent for whom the impact was significantly negative. PHOTO | POOL
Sub-Saharan Africa faces reduced private equity (PE) investment due to persistent volatility in foreign currency markets.
A survey by the African Private Equity and Venture Capital Association (AVCA) shows that foreign exchange volatility and currency shortages are some of the biggest challenges facing PE investors in Africa.
