非洲私募股权和风险投资协会（AVCA）：2026年第二季度非洲风险投资报告（英文版）

Venture activity continued to cool in Q2 2026, with 87 deals recorded across the continent. This represented a modest 8% contraction from Q1, but a steeper 26% decline from Q2 2025. Across the first half, deal volume fell to 182, down 24% YoY and the lowest H1 tally since 2020. The pullback left activity well below the recent half-year average of 243 deals and may partly reflect the exceptionally weak fundraising environment of 2025. With managers operating in a more capital constrained envir