Ethiopia: Seven Months See 38 Mergers

During the first seven months of the 2016/2017 fiscal year, 38 companies have carried out mergers. Out of the 38 mergers 10 of them were facilitated by the Common Market for Eastern and Southern Africa(COMESA). The remaining 28 of the mergers were cross border, as well as between local companies.

The Ethiopian Trade Competition and Consumers' Protection Authority approved the mergers. The Authority undertook an inquiry on the proposed merger transactions. The Authority mainly gave emphasis to companies with a capital of more than 30 million Br.

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