A new report has predicted that Merger and Acquisition, M&A in Nigeria and other African nations will rise to $4.5 billion this year.
The Global Transaction report obtained by Sweetcrude indicated that total M&A value in Nigeria and other African nations was $4.4 billion in 2017.
The report predicted this to rise to $4.5 billion in 2018, with deal value rising again in 2019 to $5.2 billion before dropping to $3.3 billion in 2020.
Kieran Whyte, Head of the Energy, Mining and Infrastructure Sector Group at Baker McKenzie in Johannesburg, said that: ”in Africa, greenfield investment continued in the energy sector, particularly in renewables, which was forecast to grow in coming years.
“The extent of the power deficit across Africa is well known and increasing electricity generation, whether on- or off-grid, across the continent is the focus of a number of…
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