Welligence Sub-Saharan Africa Q4 2025 M&A Quarterly | A late rebound in an otherwise selective M&A year
January 22, 2026
Sub-Saharan Africa upstream M&A saw a late-year rebound in Q4 2025 as deal-making returned after a quiet third quarter. Transactions in Nigeria, Angola and Namibia highlighted a more selective market focused on high-quality barrels and portfolio optimisation. Buyers targeted mature brownfield assets with optimisation potential alongside frontier discoveries approaching development, supported by a deeper and more diverse capital base.