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Browsing: media and telecommunications
The technology, media and telecommunications (TMT) sector in Africa is expected to show impressive growth in 2019.
This is according to according to Baker McKenzie’s Global Transaction Forecast (Forecast) in association with Oxford Economics who also predict that transactions are expected to exceed earlier predictions of mergers and acquisition (M&A) investments worth USD 5.9 billion in 2019.
The state of investment in the TMT sector in Africa was under discussion at Baker McKenzie’s African Transactional Summit, held in Johannesburg this week. Janet MacKenzie, partner in the Corporate M&A Practice and Head of the TMT Industry Group at Baker McKenzie in Johannesburg said that Africa was considered to be a region of significant investment potential in the tech space.
“Increasingly, M&A deals and IPOs in the TMT sector in Africa point to the growing reliance of African consumers on technology across multiple platforms. The unabated demand for technology has caused extensive …