M&A Outlook 2025
The global M&A landscape in 2023 and 2024 was subdued; however, 2024 showed pockets of growth, with some countries recording significant increases in deal volume. Canada stood out with a remarkable 59% rise in M&A activity compared to 2023. Conversely, regions such as the Nordics, Benelux, and China experienced lower volumes than the prior year.
Now we turn our sights to Ethiopia, which is set for a bumper IPO year in 2025. As a country with 123 million people, it has been one of the largest countries without a stock exchange.









