Private capital surges
Private capital into emerging markets climbed about one‑third to $150 billion last year, led by Asia at $65 billion and India jumping 55% to $35 billion. (x.com) That flow is reshaping regional dealmaking — Equity Group shifted its expansion focus to Angola after delays in Ethiopia. (x.com)
Investors funneled a record $22.3 billion into private credit in emerging markets last year, lifting private credit’s share of overall private capital to about 14%. (money.usnews.com) The GPCA data show venture-capital’s share fell to roughly 24% and disclosed deal counts dropped about 10% even as nearly a quarter of deployed capital backed infrastructure projects. (money.usnews.com) India accounted for $8.8 billion of disclosed infrastructure investment in the period, reflecting a larger tilt toward big-ticket energy and digital projects. (money.usnews.com) China’s disclosed private-capital spending fell to about $29.7 billion — roughly three‑quarters below its 2021 peak — as local government guidance and domestic funds increasingly underwrote strategic industries. (money.usnews.com) Equity Group has moved to prioritise an acquisition in Luanda after negotiations to enter Ethiopia stalled, with the bank publicly reshuffling its market-entry timetable. (theafricareport.com) CEO James Mwangi has said the group is targeting expansion into 15 countries by 2030, and Equity reported a 55% year‑on‑year rise in profit after tax to KSh75.5 billion for the year ended 2025 as it reprioritises cross‑border deals. (capitalfm.co.ke) Ethiopia’s banking reforms — including directives issued to open the sector to foreign banks in late 2024 — created an entry window but also introduced regulatory terms and valuation questions that have delayed final approvals for foreign acquirers. (ecofinagency.com)
