Denis Opudo
Despite African states experiencing various economic challenges, the adoption of new technology may solve most of these problems. Currently, consolidation, innovation, and disruption can drive man deals in the region.
According to the global head of TMT Standard Bank, Nina Triantis, he predicts that the continuous flow of deals in technology, media, and telecom in 2018. Consequently, investment in these sectors will stabilize the currency of various African states. Besides, the move will accelerate economic development in the region especially some countries like Nigeria.
Moreover, Nina Triantis confirmed that TMT Standard Bank investment and mergers and acquisition (M&A) in the region are still active. Nina Triantis also touched on the problems that various countries in Africa experience. Besides, he appealed that African states should invest in technology since it encourages innovation in the region.
Furthermore, Nina Triantis said that technology drives various applications that lead to sustainable development. For the last 1-2 years, instability of currency and other economic challenges have not attracted investor appetite in Nigeria and other African states.
Additionally, Nina Triantis said that Africa’s economy keeps stabilizing and improving. He also said that in 2018, he expects to see many M&A and IPOs transactions. Therefore, Nina Triantis concluded that with the consolidation of telecommunication services in Africa, many investors will come to Africa.
