By Azania Post Reporter
The Standard Chartered global head of TMT says Africa’s flourishing telecom, media, and technology sector will continue enjoying continuing deal flow and increasing investment in 2018.
The Global Head of TMT at Standard Bank, Nina Triantis said ahead of the TMT Finance Africa meeting in South Africa that there were investment and financing opportunities for the right companies in Africa.
She, however, said with all the opportunities, disruption, innovation, and consolidation are likely to be the major deal drivers in the sector over the year ahead.
According to Triantis, Africa’s flourishment in the sector will be against a backdrop of improving economic growth and increasingly stable currency outlook across key markets such as Nigeria.
“Investment and M&A in TMT is still especially active in Africa, despite some various economic challenges still facing some countries.
Investment in technology is driving applications and innovation across the continent and across sectors,” she said.
The Head of TMT said as economic and currency issues have dampened investor appetite in some countries like Nigeria over the past 12-24 months, conditions are now improving and stabilizing.
“This will lead to an increasing appetite from investors looking at the region, she added.