MENA and SSA in­ter-re­gional busi­ness ac­tiv­ity on 10-year peak

Financial Nigeria Magazine - - Development -

To­tal cross-bor­der M&A deals be­tween Mid­dle East and North Africa (MENA) and Sub Sa­ha­ran Africa (SSA) to­talled $24 bil­lion in 10 years. In the MENA re­gion, the UAE ac­counted for the largest share of deals with 33% to­tal. In Sub Sa­ha­ran Africa, South Africa was the main tar­get for MENA ac­qui­si­tions.

Ac­cord­ing to a re­port re­leased by Thom­son Reuters at the Thom­son Reuters Africa Trad­ing Sum­mit, last month, this trend has strength­ened the re­la­tion­ship be­tween the pro­duc­tion and trad­ing chains in both re­gions.

Be­sides the UAE and South Africa, Saudi Ara­bia, Kenya, Nige­ria and Ethiopia ac­counted for sig­nif­i­cant M&A ac­tiv­ity.

Dur­ing the pe­riod 2005-9m2016, South Africa con­sti­tuted the main tar­get ge­og­ra­phy for ac­qui­si­tions by MENA com­pa­nies with 21 deals or a share of 18% of the to­tal, fol­lowed by Su­dan with 19 deals, Ivory Coast with 11 deals and Nige­ria at seven deals. In terms of ac­quir­ing coun­tries, UAE ac­counted for the largest share with 33 per cent of to­tal deals by MENA com­pa­nies in SSA, fol­lowed by Morocco 24 per cent and Egypt 12 per cent.

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