Mergers and acquisitions activity in sub-Saharan Africa surged to a record $44bn in 2010, double the value of a year earlier, Thomson Reuters data showed on Wednesday.
Investors and analysts expect the pace of deals to increase in 2011, as more overseas corporates and banks target the continent's rapidly expanding economies, growing middle classes and rising trade flows with Asia.
Now home to about 1 billion people, Africa is expected to see its population double by 2050. Some of its frontier economies boast growth rates of 7% or more.
http://www.fin24.com/Economy/African-MA-deals-hit-record-20110119
http://directinvestment.biz
Investors and analysts expect the pace of deals to increase in 2011, as more overseas corporates and banks target the continent's rapidly expanding economies, growing middle classes and rising trade flows with Asia.
Now home to about 1 billion people, Africa is expected to see its population double by 2050. Some of its frontier economies boast growth rates of 7% or more.
http://www.fin24.com/Economy/African-MA-deals-hit-record-20110119
http://directinvestment.biz
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