Africa’s investment map is shifting, and the latest numbers tell an interesting story. Kenya has surpassed Nigeria to become the continent’s largest Mergers & Acquisitions market by value, while Nigeria remains the busiest by deal volume, despite a sharp decline in transaction value.
Elsewhere, South Africa is showing just how exposed African economies remain to global shocks, with the country ranking among the 20 hardest hit by disruptions around the Strait of Hormuz. At the same time, its banking sector continues to look outward, with Nedbank securing approval to take a majority stake in Kenya’s NCBA. And as businesses navigate these shifts, Kenyan CEOs are becoming more optimistic about their companies’ growth prospects.
Here are the stories shaping the continent’s finance and business landscape this week
Kenya dethrones Nigeria as Africa’s top M&A market by value, jumps 671%
Kenya has overtaken Nigeria as Africa’s leading M&A market by value after
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