{"id":63676,"date":"2013-12-05T03:29:06","date_gmt":"2013-12-05T03:29:06","guid":{"rendered":"http:\/\/www.sierraexpressmedia.com\/?p=63676"},"modified":"2013-12-05T03:29:06","modified_gmt":"2013-12-05T03:29:06","slug":"in-contrast-to-the-rest-of-the-worlds-sluggish-progress-african-economies-stand-out-for-their-high-rates-of-growth-and-the-effusive-confidence-they-inspire-report","status":"publish","type":"post","link":"https:\/\/sierraexpressmedia.net\/?p=63676","title":{"rendered":"In contrast to the rest of the world\u2019s sluggish progress, African economies stand out for their high rates of growth and the effusive confidence they inspire \u2013 Report"},"content":{"rendered":"<p style=\"text-align: justify;\"><b><i>Mergermarket\u2019s Deal Drivers Africa reports a total of 115 deals worth US$26.6bn taking place in the first three quarters of 2013 across Africa<\/i><\/b><\/p>\n<p style=\"text-align: justify;\">LONDON, United-Kingdom, December 4, 2013\/ <b>&#8212; <\/b>The 2013 edition of Mergermarket\u2019s Deal Drivers Africa reports a total of 115 deals worth US$26.6bn taking place in the first three quarters of 2013 across Africa (<a href=\"http:\/\/www.mergermarket.com\" target=\"_blank\">http:\/\/www.mergermarket.com<\/a>). Robust M&amp;A activity on the continent has been supported by increasing economic diversification among a number of countries, creating untapped investment opportunities in areas such as financial services, TMT and business services.<\/p>\n<p style=\"text-align: center;\"><a href=\"http:\/\/sem.lamtech.sl\/wp-content\/uploads\/2013\/12\/DD-Africa-2013_v19_AC-140x198.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-63677 aligncenter\" alt=\"DD-Africa-2013_v19_AC-140x198\" src=\"http:\/\/sem.lamtech.sl\/wp-content\/uploads\/2013\/12\/DD-Africa-2013_v19_AC-140x198.jpg\" width=\"140\" height=\"198\" \/><\/a>To view the full report, please click here:<b> <\/b><a href=\"http:\/\/mergermarketgroup.com\/publication\/deal-drivers-africa-2\" target=\"_blank\">http:\/\/mergermarketgroup.com\/publication\/deal-drivers-africa-2<\/a><\/p>\n<p style=\"text-align: justify;\">Seven of the ten biggest deals of 2013 have been in the energy, mining &amp; utilities sector. The largest of these transactions was China National Petroleum Corporation\u2019s acquisition of a 28.57% stake in Eni East Africa Spa from Eni Spa, with a value of US$4.2bn. \u201cChinese interest in the African energy and resources sector has grown apace in recent years, thanks to China\u2019s domestic energy consumption,\u201d notes Kristina Thompson, Editorial Research Analyst at Remark.<\/p>\n<h3 id=\"some-key-findings-in-the-repor\" style=\"text-align: justify;\"><span style=\"color: #800000;\"><b>Some key findings in the report include:<\/b><\/span><\/h3>\n<ul style=\"text-align: justify;\">\n<li>The majority of M&amp;A activity remains driven by African acquirers, rather than inbound M&amp;A to the region; since 2006, African acquirers have generally accounted for 50 to 60% of the total deal volume in each year.<\/li>\n<li>Private equity activity has been slightly muted compared to 2012. In the first three quarters of 2013 there were 16 private equity-related transactions worth US$1.2bn, while in the same period in 2012 there were 26 private equity-related transactions worth US$1.8bn.<\/li>\n<li>There has been a marked rise in the value of deals originating from the Asia-Pacific region, increasing from a 13% share in deal value in 2006 to reach 56% by 2013.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">Deal Drivers Africa is published by Mergermarket in collaboration with ENSafrica, Nedbank Capital and Ecobank. Based on interviews with 100 M&amp;A practitioners operating in Africa, this report provides invaluable insight into the African M&amp;A market from those who know it best.<\/p>\n<p><i>Distributed by APO (African Press Organization) on behalf of the Mergermarket Group.<\/i><i><\/i><\/p>\n<p><b><i>Stay with Sierra Express Media, for your trusted place in news!<\/i><\/b><\/p>\n<div align=\"center\">\n<hr align=\"center\" size=\"2\" width=\"100%\" \/>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Mergermarket\u2019s Deal Drivers Africa reports a total of 115 deals worth US$26.6bn taking place in the first three quarters of 2013 across Africa LONDON, United-Kingdom, [&hellip;]<\/p>\n","protected":false},"author":34,"featured_media":63678,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[671,751],"tags":[17612,17613],"class_list":["post-63676","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-global-news","tag-deal-drivers-africa","tag-mergermarket"],"_links":{"self":[{"href":"https:\/\/sierraexpressmedia.net\/index.php?rest_route=\/wp\/v2\/posts\/63676","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sierraexpressmedia.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sierraexpressmedia.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sierraexpressmedia.net\/index.php?rest_route=\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/sierraexpressmedia.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=63676"}],"version-history":[{"count":0,"href":"https:\/\/sierraexpressmedia.net\/index.php?rest_route=\/wp\/v2\/posts\/63676\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sierraexpressmedia.net\/index.php?rest_route=\/wp\/v2\/media\/63678"}],"wp:attachment":[{"href":"https:\/\/sierraexpressmedia.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=63676"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sierraexpressmedia.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=63676"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sierraexpressmedia.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=63676"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}