The Kingdom of Morocco recorded a significant surge in merger and acquisition (M&A) activity in 2025, reaching nearly 100 transactions.
According to a report by consulting firm HSF Kramer, this represents a 65% year-on-year increase, consolidating Morocco’s position as one of Africa’s most dynamic markets for corporate deal-making.
The report, titled “Africa – Holding firm / M&A activity in the continent is expected to stay strong in 2026,” places Morocco just behind the continent’s major hubs—South Africa, Egypt, and Kenya. While South Africa remains the primary driver in terms of value (capturing 35% of total transactions) and Egypt leads in volume with over 200 deals, Morocco stood out for its rapid pace of growth and transaction regularity.
Across the continent, the value of “inbound” transactions—foreign investors acquiring African companies—grew by 40% compared to 2024. Even more striking was the 85% increase in “outbound” transactions, where African firms acquired companies abroad. These gains occurred despite tight global financial conditions and geopolitical uncertainty.
Switzerland led foreign investment by value, committing $3.4 billion, followed by Japan and the United Kingdom. However, the United States dominated the volume of deals with 50 transactions, followed by France with 25.
Sector-wise, consumer goods led the market, fueled by the $2.6 billion acquisition of Coca-Cola Beverages Africa by Coca-Cola Hellenic Bottling Company. The energy sector followed closely in value, reflecting a persistent global interest in African energy assets. Looking ahead to 2026, HSF Kramer anticipates sustained activity as investors increasingly view the continent as a strategic source for energy and critical minerals.
MK/AK/Sf/fss/abj/APA