The African Private Capital Association (AVCA) and the Private Equity and Venture Capital Association of Nigeria (PEVCA) have officially joined forces, combining their strengths to expand investment opportunities and deepen private capital flows within Nigeria and across West Africa.
The merger blends AVCA’s strong track record in market research, advocacy, and international investor engagement with PEVCA’s extensive local networks and knowledge of Nigeria’s investment terrain. Together, they aim to drive more private sector growth, strengthen Nigeria’s venture capital (VC) landscape, and channel greater investment into key sectors such as technology, agriculture, and infrastructure.
Nigeria’s Private Capital Leadership
The announcement comes alongside the publication of the latest Nigeria Factsheet, which reinforces Nigeria’s leading role in West Africa’s private capital market. Between 2020 and 2024, Nigeria captured 66% of the region’s deal volume and 52% of deal value. The country also stands out across Africa, contributing 19% of the continent’s VC deals and nurturing five unicorns.
Against this backdrop, the merger is set to unlock new pathways for collaboration between domestic and international investors, with a shared focus on innovation, industrial development, and long-term economic growth.
Leadership and Vision
As part of the new structure, Anna Evi-Parker will continue as Executive Secretary of PEVCA while taking on additional responsibilities as Regional Head of West Africa within AVCA’s senior leadership team.
Paul Botha, Chair of AVCA’s Board and Partner at Metier, described the merger as a significant advance for the private capital industry:
“Bringing together AVCA’s continental platform and PEVCA’s local insights will allow us to better support the interests of investors and fund managers across the region.”
Dr. Yemi Osindero, Managing Partner at Uhuru Investment Partners, noted that the combined strengths of both organizations would provide more tailored value for the private capital ecosystem.
AVCA’s CEO, Abi Mustapha-Maduakor, emphasized the importance of local partnerships:
“Nigeria is central to Africa’s investment narrative. This merger allows us to work more systematically with domestic players and deliver targeted support for sustainable development across multiple sectors.”
Building a Sustainable Investment Future
AVCA represents a diverse community of investors, fund managers, advisors, entrepreneurs, and professionals committed to advancing a sustainable, inclusive African economy. PEVCA has been a leading advocate for private equity and venture capital growth within Nigeria, championing industry best practices and policy reforms.
The merger reflects a shared commitment to mobilize capital more efficiently, drive innovation, and position Nigeria—and West Africa—as a dynamic hub for private investment and long-term prosperity.
