Africa’s Corporate Giants Buy Their Way to Scale as M&A Overtakes Organic Growth

Pan-African · DEALS

Key Facts

—Footprint expansion: The top 30 African companies operated in an average of 16 African countries by 2018, up from 8 in 2008, according to Boston Consulting Group (BCG).

—Deal value rising: BCG reported that African deal value rose 36 percent in the first nine months of 2024 compared with the same period in 2023, while deal count stayed flat.

—Transaction volume: DealMakers Africa recorded 1,377 transactions in 2024, an increase of 11.5 percent from a year earlier, with corporates accounting for more than half.