Private equity in Africa

Unblocking the pipes

Africa needs a lot of capital. Private equity offers lessons on how to get it there

Jan 22nd 2015, 15:23 | From the print edition

HOUSED until recently behind a German beer garden in a shopping mall, Namibia’s stockmarket has just a handful of actively traded stocks. Its low profile is not unusual for Africa: the continent’s public markets are mostly small and illiquid.