Posted 4/2/2024, 9:25:40 AM
M&A Activity in Africa Slows in 2023, But East Africa Bucks the Trend
- M&A activity in Africa fell 36% in 2023 to $11.2 billion, but East Africa saw increased activity
- Kenya and Nigeria had the most deals at 95 and 82, respectively
- Zimbabwe had the largest total deal value at $5.8 billion due to mining transactions
- Top 10 countries by most expensive deals are Botswana, Zimbabwe, Egypt, Angola, Nigeria, Zambia, Morocco, Kenya, Tunisia, DRC
- Despite economic headwinds, M&A plays a key role in Africa's growth and development