"Companies are not sold; they're bought." Ventures Platform's Managing Partner on M&A activity in Africa
- OmniRetail acquired Traction Apps to enhance its fintech capabilities.
- Ventures Platform facilitated the acquisition of Brass earlier in 2024.
- Limited exit opportunities hinder acquisitions in Africa.
The African tech ecosystem is at a critical juncture where the focus on exits through mergers and acquisitions could lead to a more sustainable growth model. However, addressing the challenges of valuation mismatches and regulatory hurdles is essential for fostering a more robust acquisition landscape. It is imperative for stakeholders to collaborate and build a supportive environment that encourages successful exits while nurturing innovative startups.
