Top 10 African countries with the most expensive deals..

In Africa, mergers and acquisitions play a complex role in driving economic growth, consolidating industries, attracting foreign investment, encouraging regional integration, and aiding job creation. The merger and acquisition deals in Africa fell in 2023, compared to the year prior. However, East Africa saw increased activities in this regard…

Mergers and acquisitions (M&A) play an important role in developing the economic landscapes of nations worldwide, and Africa is no different. Africa’s M&A activity over the years has been fluctuating according to a report by DealMakers AFRICA.

The report titled M&A analysis by DealMakers AFRICA, also notes that investors are becoming more hesitant about transactions due to economic headwinds, rising capital costs, infrastructural deficiencies, regulatory difficulties, and geopolitical concerns.

According to an extract from the report, in 2023 “The value of deal activity recorded was US$11,2 billion, a 36% decline on the previous year, and 28% down on the pre-COVID numbers of 2019. East Africa edged its way back to the top to claim the most activity per region, recording 144 deals, followed by West Africa (136 deals) and North Africa (107 deals),” the report reads.

The powerhouses of their regions, Kenya and Nigeria recorded the most deals at 95 and 82 respectively. In terms of deal value, it was Southern Africa that stood out, and more specifically, Zimbabwe, with total deals valued at US$5,8 billion, reflecting the size of several mining transactions announced during the year,” it adds.

However, there is a silver lining for East Africa as the region “edged its way back to the top to claim the most activity per region, recording 144 deals.”