The African startup ecosystem continues to attract a lot of venture capitalist attention. Yet the continent has not produced a lot of exits to justify. However, a recent trend in mergers and acquisitions (M&As) in different parts of Africa is changing things.
Within the last few years, acquisitions involving African startups have grown prominent. According to Digest Africa, the value of mergers and acquisitions in the African tech ecosystem was $504 million in 2018. However, out of the 39 deals done that year, 24 occurred in South Africa.
(picture source: TechGenez）