As global mergers and acquisitions (M&A) hit record highs in 2015, dealmaking activity in sub-Saharan Africa remained relatively muted over the year, despite an uptick in activity in key markets and sectors towards the end of the 12 months, a report by international legal firm Allen & Overy has shown. “A disappointing performance in 2015 is, however, understandable. Investment into Africa has traditionally been primarily focused on the resources sector and so the fall in oil and other commodity prices and a slackening of demand from key markets, notably China, has hit Africa particularly hard,” the firm’s latest M&A Insights report read.
