African businesses are splashing out more on M&A in 2015 than ever before

Chasing that paper: African businesses are splashing out more on M&A in 2015 than ever before (Reuters/Stringer)

Perhaps the most overlooked feature of the oft-challenged ‘Africa Rising’ narrative is that African businesses are growing in self-confidence and belief in their continental competition rather than looking to the West for validation.

Even though global volume in African mergers and acquisitions (M&A) slowed down for the third consecutive year, the volume from African-led acquisitions is on course to hit record highs in 2015.

Specifically the volume of M&A deals focused in the region from outside investors (Africa-targeted) has gone down for the third year in a row in the reporting period, falling 16% year-on-year to its lowest point since 2004.

On the other hand, as Quartz has reported, African-led acquisitions are fueling regional M&A activity.

Read more: African businesses are splashing out more on M&A in 2015 than ever before – Quartz

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