A PYMNTS Company

Africa: Regional watchdog ushers in mergers worth $1B

By  |  November 4, 2014

Africa’s regional economic authority COMESA announced that it approved more than $1 billion worth of mergers within its member states last year.

The regulator, the Common Market for Eastern and Southern Africa, was established to facilitate economic growth in the region and streamline M&A. COMESTA chief executive officer George Lipimile announced last year’s results as proof the regulator is fulfilling its role as a “one-stop-shop” for cross-boarder deals.

COMESA additionally announced that it has already seen 13 merger requests this year, with nine of them being granted clearance to move forward.

The COMESA Competition Commission is the world’s second regional competition authority, following in the footsteps of the European Commission.

Full content: African Review

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.