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The Bank is now preparing a response to the food crisis in the Sahel as part of the Sahel Programme covering 13 countries: Benin, Burkina Faso, Cape Verde, Chad, Gambia, Guinea, Guinea-Bissau, Ivory Coast, Mali, Mauritania, Niger, Senegal and Togo.The programme comprises actions to re-establish household resilience to natural disasters and chronic food insecurity, to build rural infrastructure, to take account of gender issues, to adapt to climate change and to promote disaster risk mitigation measures.

After finding the right acquisition target, the next key question for management is ‘Can they deliver a successful integration?

’ Achieving a successful integration is challenging to say the least.

Following Majestic Wine’s acquisition of Naked Wines, the Board decided to install the CEO from Naked Wines, Rowan Gormley, as the combined company’s CEO to help drive the right behaviours and underpin the strategic reasons for the acquisition.

Employees were able to see real changes in behaviour and ways of working being demonstrated by such an appointment.

Where there are significant variations in cultural ‘fit’ then the acquiring company should develop a detailed action plan to bring the organisations closer together.