How corporates benefit from Africa's new business deals
12 octobre 2012
Africa Report - When African telecom companies started to emerge in the late 1990s, many scoffed. How could it be, went the general chatter, that Africans have money to spend on telecoms? Several multi-millionaires later, after the historic sale of Mo Ibrahim's Celtel for $3.4bn and the rise of South African giant MTN, investors piled in.
The last 24 months have seen an escalation of the talking-up of Africa from investment banks, such as JP Morgan and Renaissance capital, and global consultancies like Pricewaterhouse-Coopers and Ernst & Young. But currently, opportunities in Africa far outstrip the players.