Top 10 African countries with the most expensive deals

Pls share this post


Listen to this article

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.

  • Business Insider Africa presents the top 10 African countries that made the most expensive deals.
  • This list is courtesy of DealMakers AFRICA.
  • East Africa had the most merger and acquisition activity per region.

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.

READ ALSO  We are aware that Nadeem is no longer in Nigerian custody - Binance says

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.

DON’T MISS THIS: Top 10 African countries with the highest GDP per capita in 2024

READ ALSO  Over $26 billion passed through Binance Nigeria - Cardoso

“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.”

With that said, below are the 10 African countries that made the most expensive deals in 2023.

RankCountryTotal deals in $ USNumber of deals
1.Botswana$1,879,122,1188
2.Zimbabwe$1,750,060,0008
3.Egypt$1,385,219,74559
4.Angola$1,230,989,4068
5.Nigeria$932,974,88984
6,Zambia$772,750,0008
7.Morocco$752,852,28734
8.Kenya$600,320,13096
9.Tunisia$474,501,48113
10.Democratic Republic of Congo$300,000,0002
READ ALSO  Sacked Twitter employees in Ghana finally receive compensation from Elon Musk

Source



Pls share this post
Previous articleRussia says its economy is off to a — mostly — roaring 2024
Next articleGet JBL Tune Flex earbuds for $60