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Not sure the macro conditions in the Sahara desert are conducive to deal making 

 

There's definitely African-focused PE shops in London. As for IB, i haven't heard of a full pure-play African M&A team, i imagine it gets grouped under EMEA - perhaps offices in Paris/Dubai would have more focus on Africa as a region due to cultural ties/geographic location. Bar that, metals & mining, energy or oil probably will have some decent Africa exposure.

 

BofA has a team dedicated exclusively to sub-saharan africa. It is small, as you would expect, but very active in countries such as Nigeria and South Africa

 
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IMO the problem with Africa is that (generally) corruption, ties to China via the Belt & Road Initiative, overwhelming poverty (due to foreign powers extracting natural resources), and a lack of crucial infrastructure / sustainable currency makes it really difficult for any deal making or investing to occur. Generalization of course but I have yet to see a dedicated banking or investing team focused on the region

 

Another thing to mention is that it is an absolute shit show in Africa when it comes to currency. Many countries have dozens of different currencies used based on location and from my experience working with Africa based companies this is a major issue they struggle with and lots of them end up losing money just on exchange rates because the currencies are so volatile on a daily basis.

 

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