Local Firms Drive Merger Shift

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Zimbabwe’s merger landscape has increasingly been dominated by local companies as economic pressures force firms to consolidate for survival. Competition and Tariff Commission data showed domestic deals made up 54% of mergers reviewed in 2024. This marked a shift from foreign-led activity. Although overall merger volumes and values dipped, economists said currency instability, inflation, and rising costs are pushing businesses to strengthen balance sheets through local consolidation.