The value of announced Mergers and Acquisitions (M&A) transactions with any sub-Saharan African involvement hit $26.9 billion during the first six months of 2024, double the value recorded a year ago, according to a new report by the London Stock Exchange Group (LSEG).
The report titled, “Sub-Saharan Africa Investment Banking Review First Half 2024”, however, said that the number of M&A deals announced in the region declined 33% from last year at this time.
Specifically, the report stated that “deals involving a sub-Saharan African target totalled $21.9 billion during the first half of 2024, more than three times the value recorded in the first half of 2023 as inbound deals, involving a non-Sub Saharan African acquirer, increased 17% and domestic M&A saw a seven-fold increase in value.
Read more at Newtelegraphng
The report titled, “Sub-Saharan Africa Investment Banking Review First Half 2024”, however, said that the number of M&A deals announced in the region declined 33% from last year at this time.
Specifically, the report stated that “deals involving a sub-Saharan African target totalled $21.9 billion during the first half of 2024, more than three times the value recorded in the first half of 2023 as inbound deals, involving a non-Sub Saharan African acquirer, increased 17% and domestic M&A saw a seven-fold increase in value.
Read more at Newtelegraphng