Mergers and acquisitions across Africa are facing significant headwinds as high borrowing costs and a scarcity of flexible financing structures constrain deal activity.
The slowdown is particularly acute in major markets such as Nigeria, where corporate interest in expansion remains robust but capital availability is tightening.
The financing environment is creating a disconnect between strategic ambition and execution capability.
Companies are finding it increasingly difficult to secure the debt or equity funding necessary to close transactions, leading to delays or cancellations of planned deals.
This trend underscores the broader challenge of capital access in emerging markets amid global monetary tightening.
The impact of these financial constraints is already visible in recent corporate performance.