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30 Jun 2016, Vicky Bufton, EMIS Content Manager

Emerging Middle East & Africa M&A Q1 2016

In summary:

M&A activity in South Africa was low in the first quarter of 2016, with only several deals above USD 100mn. The local economy is set to grow by only 0.6% in 2016, and the overall outlook seems uncertain due to droughts, high inflation and political unrest.

Nigerian M&A activity jumped four times y/y to 24 deals during Q1 despite the country’s troubled economy. However, the future looks grim as Nigeria is facing its worst economic crisis in decades, with sinking oil prices eating into its foreign reserves and the naira weakening against other currencies.

Y/y, Kenya was four deals down to a total of 15 in the first quarter of 2016 and the aggregate transaction value also slumped due to the lack of large deals. The economy is expected to grow by 6% in 2016 but there are concerns about the health of the financial system.

Deal flow in Middle-Eastern countries UAE (17 deals) and Egypt (10 deals) was flat y/y, while Saudi Arabia had only four deals.

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Original source: EMIS Dealwatch Emerging Europe, Middle East and Africa M&A Report Q1