Weyinmi Popo Quoted on M&A in Africa
Contact:
Akin Gump corporate partner Weyinmi Popo was quoted by Rest of World for its article “Buy or get bought: African tech is on a mergers and acquisitions spree.”
The article discusses the boom in African tech sector mergers and acquisitions fueled by venture capital investment.
Popo noted that the tension currently in the market centers on who gets to be “the African champion,” meaning whether one buys or get bought.
He added, “There’s going to have to be some consolidation, because there are too many people doing the same thing. There’ll be leaders in different sectors.”