42013526 - Horizons - Q4_v04c

HORIZONS | BDO'S GLOBAL VIEWOF MID-MARKET DEAL ACTIVITY 37

AFRICA HEAT CHART BY SECTOR

TMT

48 24% 37 18% 28 14% 27 13% 25 12%

Industrials & Chemicals

Business Services

Consumer

Energy, Mining & Utilities

Pharma, Medical & Biotech

17 12

8% 6% 2%

LOOKING AHEAD

Financial Services

According to the BDO Heat Chart, TMT, Industrials & Chemicals, Business Services, Consumer, Energy Mining and Utilities will make up the bulk of activity across the continent for the foreseeable future, with the balance spread across the remaining sectors. On the lower end of activity remains Real Estate and the Leisure sector which continues to suffer at the hands of the virus. We are a little surprised at the outlook for the Pharma, Medical & Biotech sector as we continue to see activity in the unlisted space in this sector.

Real Estate

5 3

Leisure TOTAL

1%

202

AFRICA MID-MARKET VOLUMES BY SECTOR

2020

2021

28

10

14

6 1

3

5

1 5

15

13

17

9

19

22

16

8

4

4

Technology & Media

Financial Services

Energy, Mining & Utilities

Pharma, Medical & Biotech Real Estate

Consumer

Business Services

Leisure

Industrials & Chemicals

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