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