Innovation and consolidation to drive African tech deals.
The global head of TMT for African bank, Standard Bank, is predicting continuing deal flow and increasing investment in Africa’s flourishing telecom, media and technology sector in 2018, against a backdrop of improving economic growth and increasingly stable currency outlook across key markets such as Nigeria.
Speaking ahead of the TMT Finance Africa in Cape Town 2018 conference, Nina Triantis, Global Head of TMT at Standard Bank, said there were investment and financing opportunities for the right companies in Africa, with disruption, innovation and consolidation likely to be the major deal drivers in the sector over the year ahead.
“Investment and M&A in TMT is still especially active in Africa, despite some various economic challenges still facing select countries. Investment in technology is driving applications and innovation across the continent and across sectors,” she said. While economic and currency issues have dampened investor appetite in countries such as Nigeria over the past 12-24 months, conditions are now improving and stabilising, according to Triantis, which is leading to an increasing appetite from investors looking at the region, she added.
Standard Bank is one of the key sponsors of TMT Finance Africa in Cape Town 2018, with Triantis Click here to read entire article
Source:: IT News Africa