Welligence Sub-Saharan Africa M&A Quarterly | Q2 2026 – A quiet quarter before the next wave

July 17, 2026

Sub-Saharan Africa M&A slowed in Q2 2026, reversing the momentum of a promising Q1. The intensifying Middle East conflict weighed on regional deal-making throughout H1, keeping oil prices elevated and volatile, widening buyer-seller valuation gaps and prompting most E&Ps to pause investment decisions while awaiting greater clarity.