Sub-Saharan Africa Q2 2024 M&A Quarterly | Deal-making continues, but opportunity pipeline is shrinking

July 16, 2024

Q2 2024 saw four notable deals in Sub-Saharan Africa, continuing the momentum from 2023 which was the most active year for M&A since COVID-19. With the consistent level of appetite from the African-focused independents over the last couple of years, the pool of available mature assets in the country is shrinking.  However, Sub-Saharan Africa is experiencing a greenfield boom with high-profile undeveloped and early-life deepwater opportunities available.