East Africa Mergers, Acquisitions Halved Over Jan.-Aug. y/y
Value of disclosed deals in eight months through August drop to $433 million, compared with $869 million a year earlier, I&M Burbidge Capital says in emailed report.
- Number of transactions during the period decline to 65 from 73
a year earlier; most deals in financial services and technology
- Six deals closed in August compared with seven in July
- “While geographical interest has largely been concentrated on Kenya and Uganda, we have noted renewed interest and enthusiasm for deals in Tanzania, while interest in Ethiopia has reduced in some areas as a result the uncertainty in the political stability of the country”