← Mergers and Acquisitions (M&A) Strategy and Execution

The deal process, approvals and basic deal maths

Module 02 / 5 · 70 min

Run a deal from screening to closing, line up the Ethiopian approvals in the right order, and test a merger with synergy, accretion and dilution, and purchase price allocation.

In this module you will learn to

Sequence the deal process from strategy and screening to signing and closing, with the documents at each step
Map the approvals an Ethiopian deal may need: competition authority, NBE, ECMA, Ethiopian Investment Commission and sector regulators
Calculate accretion or dilution and the synergies needed to break even
Explain purchase price allocation and goodwill in simple terms
Write a partner screening memo for Bank A

Built on

Erudite Africa course specification 3.c: Mergers and Acquisitions (M&A) Strategy and Execution, Levels 1 and 2 (October 2026)
Erudite Africa Training Module: Ethiopian Context, programme overview and regulatory register (October 2026)
NBE directives as listed in the lessons: SBB/78/2021 (reported), SBB/87/2024, SBB/88/2024, SBB/89/2024, SBB/91/2024, SBB/92/2024, SBB/94/2025, SBB/95/2025, MFI/36/2023, FXD/01/2024 and FXD/04/2026
Banking Business Proclamation No. 1360/2025; Investment Proclamation No. 1180/2020 and Investment Board Directive No. 1082/2025; Income Tax Proclamation No. 979/2016 as amended by No. 1395/2025; Capital Market Proclamation No. 1248/2021 and ECMA Directive No. 980/2024
Commercial Code Proclamation No. 1243/2021 and the Trade Competition and Consumers Protection Proclamation No. 813/2013, as cited in the course specification (texts to be checked)
General M&A market practice on process, valuation, SPA terms and integration; all companies and people in examples are fictional

Examples and companies are fictional. Bank practices are shown as typical Ethiopian practice, not as any one bank's policy. Always apply your own institution's approved policy and the current NBE directives.