Here is the illustration for the Economist Business section about private equity in Africa.
It’s a screen shot, so you can’t utilize Economist’s ‘socials’ buttons there.
African business owners used to think foreign investment was an insult, as if they were failing and needed money.
Now they welcome the investment (such as phone-masts business for mobile/cell network, tyres or coffee chain) but feel hurt when they sell their stakes instead, as if they lost interest in business. There is no image of ‘asset strippers’ for private equity in Africa, and there is a bit of a rush of ‘me, too’ western private equities pouring in. But it’s still not for the unprepared or faint-hearted.