DEAL-MAKING activity in sub-Saharan Africa (SSA) dropped in the second half of 2020 (H2 2020) when compared to the second half of 2019 (H2 2019) and year-on-year, deals were also down in both volume and value when compared to 2019.
According to Baker McKenzie’s analysis of Refinitiv data, M&A transactions dropped in SSA in H2 2020, down 4% compared to H2 2019 with 329 deals in the period. Deal value fell by 17% to USD8.9 billion in the second half of 2020, compared to the same period in 2019.
For the full year 2020, transactions dropped by 8%, with 625 deals in 2020, and deal value dropped by 33%, with deals valued at USD17.4 billion in total for 2020.
However, as Africa gears up for its post-pandemic recovery, it appears that the opportunities presented by the recent launch of free trade across the continent, as well as foreign investment opportunities, due
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