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Africa: M&A in Key Jurisdictions – Bowmans report on current trends published

14 March 2022
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M&A activity continues to be strong in key African jurisdictions and is resurging in others after a challenging 2020 and early 2021. All signs during this first quarter of 2022 are pointing to a brisk period of deal making in the coming months.

With economies reopening after the COVID-19 standstill, African countries are generally eager to attract inward investment.

Recent sanctions on Russia, its banks and oligarchs are having far-reaching consequences, resulting in an element of uncertainty in global markets. This is likely to impact M&A and private equity, particularly in those jurisdictions and for those global corporates most reliant on Russia for the provision of services or that have Russian ties. It remains to be seen how this will play out in M&A across Africa since exposure is complex and not yet fully quantifiable.

There are however important trends that international investors should note. Some of these are common across the eight key African jurisdictions included in our analysis, while others are unique to specific countries.

Our analysis covers: Ethiopia, Kenya, Mauritius, Nigeria, South Africa, Tanzania, Uganda and Zambia. It is focussed on key sectors with active M&A deal making, important considerations to take into account when concluding transactions, and predicted M&A in the coming months.

Click here to access our analysis. For further information, please contact any one of the listed partners per jurisdiction.

This report was compiled by M&A experts in each of the jurisdictions in which we have offices with input on Ethiopia provided by Micael Sehul from our Alliance Firm Aman Assefa & Associates Law Office and on Nigeria provided by Folake Elias-Adebowale, Ozofu Ogiemudia and Yinka Edu from our Alliance Firm Udo Udoma & Belo-Osagie.