Standard Bank-owned asset manager Stanlib has set up operations in Ghana through the acquisition of the Stanbic Investment Management Services division. It is also pursuing an asset management acquisition in Nigeria, which it hopes to close in the first half of 2015.
With so many Nigerians happily surfing the net, why have local banks not converted more of these sophisticated web users into internet banking customers?
Looking beyond the BRIC countries and expanding geographic focus, many are finding out that underdeveloped markets are on the edge of growth. It is clear that opportunities within high growth markets are trending and will continue to be a vital long-term investment strategy for international businesses.
Zambia has strong potential for broad-based development because of its rich natural resources, said Representative of the German Chancellor for Africa Gunter Nooke last week when he paid a visit to the offices of Copperbelt permanent secretary Reverend Howard Sikwela. “Germany is very interested in Zambia,” said Nooke during the meeting. “I am very much interested in understanding the potential that Zambia has.”
Spurred by substantial private sector investment and backed by additional government spending, Mauritius is hoping to generate 35% of its energy needs through renewable sources by 2025. The country has already made significant inroads in this direction, with various wind farms, waste-to-energy plants, and solar photovoltaic farms already in play.
The most important trend for positively impacting healthcare in Africa is already underway: the steady rolling out of primary healthcare into ever more remote areas, providing vaccinations, clean water, midwife assistance and basic health advice to ever larger numbers of people.
Another important trend is taking place in Africa’s cities, where new private hospitals are providing outpatient services and the reassurance of quality emergency care to the new middle class.
Uganda is one of the most politically stable countries on the African continent, with a liberalised economy and good market access. Join us in conversation with key guests from senior leadership positions in Africa to discuss Uganda’s present and anticipated future projects, as well as the cost of doing business in Uganda, government reform, the financial sector and tax incentives.
The Africa Expansion team is headed by Anthony Thunstrom. Anthony joined KPMG in 1993 and has remained at KPMG his entire working career. He currently heads the region’s audit practice. His industry experience includes banking; chemicals and plastics; retail services; transport; logistics; aluminium smelting; textiles; and the automotive industry. Anthony also serves on the Board and the Audit Committee of KPMG.
Inclusive economic growth is growth that leads to job creation, causing a ripple effect on the purchasing power of the majority of the populace. The private sector, and in particular small and medium enterprises (SMEs), are the drivers of an economy. SMEs are also the largest providers of direct employment and inclusive growth can be achieved through promotion of policies that would drive their development.
Zambian Finance Minister, Alexander Chikwanda presented the national budget on 10 October 2014. Three days later, KPMG Zambia hosted the third annual Budget Discussion Breakfast at Hotel Intercontinental in Lusaka.
South African banks and construction companies have been expanding activities in the rest of Africa, where energy is one of the fastest-growing sectors. The $900m of debt and equity project finance for the Kpone Independent Power Plant and associated infrastructure in Ghana was closed by financiers and industrialists, including several South African banks.
We at KPMG and our partners at PharmAccess have combined forces in an innovative approach that facilitates investment capital for the private healthcare sector. By combining a critical evaluation and benchmarking system that assesses the quality and safety of the care provided, with rigorous business planning and a full health market scan, risk is reduced and trust is increased.
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- Africa Brief: Stanlib keeps an eye on Africa after deal in Ghana and more… October 31, 2014
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- Africa littered with high growth markets October 29, 2014
- Mobile banking series: An overview of why mobile banking remains important for financial inclusion in Africa April 22, 2013
- Telecoms – An African development opportunity September 26, 2013
- Success and Sustainability in African Family Business October 7, 2013
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