Africa Private Equity and Debt Programme

The Africa Private Equity and Debt Programme (2020-2025) focuses on developing private capital markets across Africa to complement public markets. It seeks to increase the participation of local institutional investors, particularly pension funds, through regulatory reform, capacity building, and the creation of demonstration transactions. Key achievements include supporting Kenya's policy framework for private equity and venture capital, launching the AVCA Training Academy, and conducting market studies on private debt and pension fund investments in Southern Africa.

• The programme's primary objective is to enhance the availability of long-term financing for priority social and economic sectors in Africa by increasing the participation of local institutional investors, especially pension funds, in private equity and debt to complement development finance institutions.
• In Kenya, the programme supported the Capital Markets Authority (CMA) in finalising a policy framework for private equity and venture capital, which was approved by the CMA board in 2021. This process included a benchmarking study on regulatory options conducted by the East Africa Venture Capital Association (EAVCA).
• FSD Africa commissioned a study in July 2021 via Lions Head Global Partners to analyse Africa's private debt markets, covering size, evolution, management, structure, investment sectors, regulation, and investor appetite, with specific inputs from Nigeria, Kenya, Morocco, and Ghana.
• The AVCA Training Academy, a digital platform for professional development for private equity practitioners, was launched in September 2021; it has completed 12 modules, with 10 more under development, and includes an ESG Training Series.
• The programme is actively supporting the co-creation of funding structures in Ghana, Tanzania, and Nigeria to encourage domestic institutional investors to invest in private equity and private debt as asset classes.

APA

FSD Africa (2022). Africa Private Equity and Debt Programme. https://fsdafrica.org/wp-content/uploads/2025/05/Capital-Markets-Africa-Private-Equity-and-Debt-Programme-Reviewed-by-JG.pdf

Chicago

FSD Africa. Africa Private Equity and Debt Programme. 2022. https://fsdafrica.org/wp-content/uploads/2025/05/Capital-Markets-Africa-Private-Equity-and-Debt-Programme-Reviewed-by-JG.pdf.

Wikipedia

{{cite report |author=FSD Africa |title=Africa Private Equity and Debt Programme |date=October 2022 |url=https://fsdafrica.org/wp-content/uploads/2025/05/Capital-Markets-Africa-Private-Equity-and-Debt-Programme-Reviewed-by-JG.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{fsdafrica2022africa, author = {{FSD Africa}}, title = {{Africa Private Equity and Debt Programme}}, institution = {FSD Africa}, year = {2022}, month = oct, url = {https://fsdafrica.org/wp-content/uploads/2025/05/Capital-Markets-Africa-Private-Equity-and-Debt-Programme-Reviewed-by-JG.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }