Growth prospects make JPMorgan bullish on Sub-Saharan deal-making
M&A activity is likely to top $100bn this year and next on continent’s good growth prospects
07 November 2022 - 18:18
UPDATED 07 November 2022 - 23:11
US investment bank JPMorgan says merger & acquisition (M&A) activity in Sub-Saharan Africa is likely to top $100bn in both 2022 and 2023, despite the bleak global economic backdrop at present.
While that level of deal-making would be down from the $130bn recorded in 2021, rising international investor interest in renewable energy, digital infrastructure and fintech opportunities is expected to continue driving M&A on the continent over the next two years...
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