South Africa and Nigeria will see the lion’s share of an expected rise in mergers and acquisitions in the region over the next two years according to KPMG. A total of 297 deals were announced last year, valued at $19.2 billion, a 21% increase from 2021 and almost double the activity seen in 2020. South Africa had five of the top ten big deals, Nigeria two, while Tanzania, Cameroon, and Angola each had one. Mining and utilities sector saw the highest aggregate deal value at $7.8 billion and has recorded the region’s highest deal volume at 64 deals.
Source : Refinitiv