Citigroup, Credit Suisse await Africa deals on state asset sales


JOHANNESBURG: Citigroup Inc and Credit Suisse Group AG are expecting more African deals as governments sell assets and Ethiopia opens up.

“Privatisation is a theme we see as becoming increasingly important given the fiscal pressures faced by many African governments,” Vikas Seth, the head of mergers and acquisitions for Europe, Middle East and Africa for Credit Suisse, said in an interview at the World Economic Forum on Africa.

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