Welligence Sub-Saharan Africa M&A Quarterly Report | Will deal-making pick after quiet Q1?

April 14, 2023

Deal flow in Q1 was muted, with the only deal announced being Somoil’s US$830 million acquisition of GALP’s Angolan portfolio. The other noteworthy event was the Chadian government’s nationalisation of Savannah Energy’s Doba assets. While recent macro-developments create uncertainty, we still see potential for deal-making in the coming months given the strong pipeline of opportunities available across Sub-Saharan Africa.