In this two-part interview, Knowledge@Wharton takes a look at the state of play in private equity in Africa and at prospects for emerging markets more generally, based on a conversation with Michael Rogers, EY’s global deputy private equity leader, and Stephen M. Sammut, senior fellow and lecturer at Wharton. In Part I, Rogers notes that in Africa, “the PE ecosystem is beginning to mature. As that begins to improve, the capital markets improve, and I think that we’ll see a very attractive environment for private equity over time.” In Part II,  Rogers notes that PE is one area where a...