Kenya Among Africa’s Most Promising Mergers Markets

Kenya is among the most attractive target countries for merger and acquisition activity in Africa according to a new report by a business risk consultancy.

Control Risks also names South Africa and Nigeria as other top countries in the continent where investors want to put their money.

The report was produced after a survey that involved interviews with 100 merger and acquisition practitioners operating in Africa.

Respondents expect 41 per cent of foreign buyers of African companies in 2016 to come from Europe with Asia-Pacific and North America at 39 per cent and 16 per cent respectively.

Energy, mining and utilities are expected to generate most merger and acquisition activity in the region accounting for 79 per cent followed by industrial and chemicals sector.

“Downturns in more established markets make international buyers look out for new targets. Capital is more easily available and high-quality targets are offered at very attractive prices,” said George Nicholls, senior managing director for Southern Africa at Control Risks.

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