Browsing: Exits

  • Baxi’s 90,000 agent network processed over US$1B in transactions in 2021 to date.
  • MFS Africa is the largest fintech interoperability hub in Africa connecting telcos, banks and mobile money operators.
  • In 2018, 24 out of the 39 deals took place in South Africa

Mergers and acquisitions worth US$52B were completed in South Africa during the first half of 2021, with the value of deals growing by 958% from 2020.

The tech sector is in the lead according to Refinitiv Data that provides financial markets and infrastructure data.

According to Digest Africa, the value of mergers and acquisitions in the African tech ecosystem in 2018 was US$504M with 24 out of the 39 deals taking place in South Africa making it the country with the most mergers, acquisitions and exits among the KINGS countries.

This is why am focusing this oped about the 5th KINGS (Kenya, Ivory Coast, Nigeria,