Standard Bank optimistic about appetite for TMT investment in Africa

Standard Bank optimistic about appetite for TMT investment in Africa
Telecom operators are consolidating and the race to provide new broadband and wireless infrastructure is intensifying, Triantis says.
Published: 12 February 2018 - 10:03 a.m.
By: CommsMEA staff writer

 

 

 

 

 

 

The global head of TMT for Africa’s largest bank, Standard Bank, Nina Triantis has predicted continuing deal flow and increasing investment in Africa’s TMT 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, Triantis 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.


Triantis will be joining the TMT M&A panel alongside multinational telecom operators Vodacom and MTN.

“Telecom operators are consolidating and the race to provide new broadband and wireless infrastructure is intensifying, which is resulting in increased need for capital and a lively deal flow,” Triantis added. “The debt and equity markets are both supportive for the right companies, and we expect to see several IPOs and M&A transactions in 2018,” she added.
 

Click here to add your comment

Please add your comment below
Name
Country
Email
Your email address will not be published
Captcha