When London-based Acacia Mining announced it had found “inferred mineral resources” on the Liranda Corridor, its shares jumped as much as 2.46% as a number of investment brokers adjusted their price target on the Africa-focused mining company to a ‘strong buy’.
In an opinion piece in the Business Daily Sheel Gill of KPMG East Africa suggests that most small and medium sized companies in the region may have to shape up by merging with bigger ones or shape out by getting acquired all together in order to survive the coming growth boom fueled by the oil money.
