Standard Bank optimistic about appetite for TMT investment in Africa

While economic and currency issues have dampened investor appetite in countries such as Nigeria over the past 12-24 months, conditions are now improving and stabilising, according to the global head of TMT at the bank.
Telecom operators are consolidating and the race to provide new broadband and wireless infrastructure is intensifying, Triantis says.
Telecom operators are consolidating and the race to provide new broadband and wireless infrastructure is intensifying, Triantis says.

Share

The global head of TMT for Africa’s largest bank, Standard Bank, Nina Triantis has predicted continuing deal flow and increasing investment in Africa’s TMT in 2018, against a backdrop of improving economic growth and increasingly stable currency outlook across key markets such as Nigeria.

Speaking ahead of the TMT Finance Africa in Cape Town 2018 conference, Triantis said there were investment and financing opportunities for the right companies in Africa, with disruption, innovation and consolidation likely to be the major deal drivers in the sector over the year ahead.

“Investment and M&A in TMT is still especially active in Africa, despite some various economic challenges still facing select countries. Investment in technology is driving applications and innovation across the continent and across sectors,” she said.

“While economic and currency issues have dampened investor appetite in countries such as Nigeria over the past 12-24 months, conditions are now improving and stabilising, according to Triantis, which is leading to an increasing appetite from investors looking at the region,” she added.

Triantis will be joining the TMT M&A panel alongside multinational telecom operators Vodacom and MTN.

“Telecom operators are consolidating and the race to provide new broadband and wireless infrastructure is intensifying, which is resulting in increased need for capital and a lively deal flow,” Triantis added. “The debt and equity markets are both supportive for the right companies, and we expect to see several IPOs and M&A transactions in 2018,” she added.

Editor's Choice

The robots are coming: Impact of AI on executive search
As the technology industry’s elite struggle to agree on the potential impact of AI and a raft of people queuing up to advise on the potential disruption it will cause, this article by John Curtis-Oliver, Partner at Boyden studies the potential impact on the executive hiring and the executive search industry.
Saudi Football changes pitch from MBC to STC
The news comes just a few days after the release of Saudi businessman Waleed al-Ibrahim, who has management control of MBC. Reuters reports senior Saudi officials saying that Ibrahim agreed to an “undisclosed settlement after admitting to unspecified violations”.
HetNets: paving the way for “ultraband” age
Over time, telecom operators will provide consumers with a “universal connectivity” service (to rule them all), incorporating Wi-Fi and mobile broadband as a single resource, in an “always best connected” mode, leading to an ultraband connectivity service.

Don't Miss a Story

You may also like

FTA Channel enters new phase in video delivery with SES and MX1
The non-linear distribution service provided through SES's wholly owned subsidiary, MX1, will be the first of its kind in Equatorial Guinea.
9500 RTA taxis in Dubai to get free WiFi by Ramadan 2018
Blackwire deployed KiFi for 7500 TransAD taxis in Abu Dhabi last year and is partnering with SAPO in Japan to help Tokyo become Olympic Games ready
Software AG gets a new CEO
Currently serving as GM global revenue of IBM Watson IoT at Munich, Sanjay Brahmawar has an international and multicultural background with experience in Germany, England, Holland, Belgium, Finland and India.
du launches new loyalty programme for select customers
du Concierge is a bespoke loyalty programme developed by du in partnership with Peacock Concierge for a selected number of clients