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Project Insights

African deal activity slows, but more on offer

There may be fewer mergers and acquisitions taking place in Africa, but the continent still offers good opportunities to companies willing to take the risk There may be fewer mergers and acquisitions taking place in Africa, but the continent still offers good opportunities to companies willing to take the risk.
By Miriam Malek 9 November 2016 Middle East & Africa / Companies & Finance 0 22734
A Tullow Oil rig. The company is farming out of its three West Mauritania offshore blocks. (Tullow)

Merger and acquisition activity has slowed significantly in Africa in 2016, but for buyers seeking opportunity, the African upstream market is becoming more competitive and the quality of projects on offer is higher than previous years, delegates at the Africa Oil Week conference have said.

Mozambique’s state-run ENH is planning to launch a farm-in process for its Mazenga Block in Inhambane province in mid-2017, a spokesman told Interfax Natural Gas Daily. The company is seeking a private partner to help exploit the...