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.
This article was published here
Nigeria, South Africa, Kenya Africa’s Most Attractive Mergers Markets
A new report by Global Consultancy Control Risks indicates that Africa’s top economies have continued to maintain investor interest with a strong drive in mergers and acquisition across the majority of sectors.
In their latest report on mergers, acquisition and other deals, Control Risks placed South Africa on top of the list at 51%, Nigeria followed with 20% with 14% given to Kenya as the top most popular target for overseas dealmakers.
This article was published here
The Harsh Realities About South Africa That the World Bank Dare Not Speak
Sometimes silences speak volumes.
In his seminal book The Anti-Politics Machine Stanford University anthropologist James Ferguson criticised the World Bank’s 1980s understanding of Lesotho as a “traditional subsistence peasant society.” Apartheid’s migrant labour system was explicitly ignored by the bank, yet remittances from Basotho workers toiling in mines, factories and farms across the Caledon River accounted for 60% of rural people’s income:
Acknowledging the extent of Lesotho’s long-standing involvement in the modern capitalist economy of South Africa would not provide a convincing justification for the “development” agencies to “introduce” roads, markets and credit.
Using Michel Foucault’s discourse theory, Ferguson showed why some things cannot be named. To do so would violate the bank’s foundational dogma, that the central problems of poverty can be solved by applying market logic. Yet the most important of Lesotho’s market relationships – exploited labour – was what caused so much misery.
Three decades on, not much has changed. Today, the bank’s main South Africa research team reveals a similar ‘Voldemort’ problem.
This article was published here
Samsung Opens its Largest Customer Experience Store in Africa, in Nairobi
Samsung Electronics East Africa unveiled its customer experience store in Nairobi, the largest such store in Africa with an aim of improving customer experience.
On Thursday, (February 25) the smart device powerhouse opened the Samsung Delite store, located on Monrovia Street, the second such store in Nairobi’s Central Business District. It set on 4,045 square feet floor space and will improve customers experience through converging devices.
The new store which is targeted to compliment the online customer care service will showcase Samsung’s latest in consumer tech including mobile devices, wearables among other products and accessories.
This article was published here
Kenya Among Africa’s Most Promising Mergers Markets
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.
This article was published here