Sub-Saharan Africa mergers, acquisitions dip in 2018

In late October 2018, French Firm Rubis Energy, told of plans of KenolKobil at a Sh35 billion deal. [Photo: Courtesy]

Mergers and Acquisitions in sub-Saharan Africa declined in 2018 compared to 2017, by 39 percent with overall valued at Sh477 billion as Thomson Reuters’ financial and risk business –Refinitive report indicates.

According to Refinitive report, Mauritius based companies accounted for 23 percent of sub-Saharan outbound in 2018, having acquired Fidelity Commercial Bank in May 2017.