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Social media: Evolving the client-wealth manager relationship






Social media refers to non-linear online communications that are created, published and widely distributed by […]

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Amendments to IFRS for Small and Medium-sized Entities (SMEs)






The IASB has issued amendments to the IFRS for Small and Medium-sized Entities (IFRS for […]

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Facebook and online shopping? But why not internet banking

Nigeria: Payment Journey and Key Trends






In 2007, Nigeria commenced the reform of its payment industry to strengthen this critical element […]

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Kenya Leading the World on Mobile Money Transfer






Kenya currently tops the world in mobile money transfers with Safaricom being the most preferred […]

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M-commerce, fuelled by mobile banking and payments technology, may be the winning formula for African banks to profit from long-anticipated economic growth on the continent.

Mobile Money: Africa Vs the World






Moving away from cards to the African success story, Mobile Payments and Banking. Banks have […]

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Facebook and online shopping? But why not internet banking

Payment Developments in Africa 2015, Vol. 1






Welcome to the 1st edition of our series on “Payment Developments in Africa”. Payments has […]

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Facebook and online shopping? But why not internet banking

Banking in Sub-Saharan Africa; Case-Study: Kenyan






The Kenyan banking sector currently consists of 43 commercial banks, one mortgage finance company, nine […]

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Key findings from the 2014 Africa CFO Survey

Insurance in Africa: Is the Continent really taking charge?






Insurance facilitates investment by reducing the amount of capital that businesses and individuals need to […]

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Leveraging of Mobile Networks

KPMG Africa’s Banking in Africa Report (2015)






The banking sectors of a number of sub-Saharan Africa (SSA) countries have exhibited significant growth […]

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Key findings from the 2014 Africa CFO Survey

Reassuring (future) penetration in African insurance markets






The insurance market in Africa on the other hand is under-developed as – apart from […]

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Key findings from the 2014 Africa CFO Survey

Accounting for Africa’s ‘unbanked’ population






The rise of Africa’s financial services sector in recent years has been remarkable. From a […]

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Ideal Tax Operation

Mergers and Acquisition: What are the key trends to watch for in the Kenyan market?






What are mergers and acquisitions (M&A) and what are the key trends that we should […]

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Barclays

The role of stock exchanges in growing the African financial markets






Robbie Cheadle, Associate Director, Deal Advisory “STOCK EXCHANGES PLAY A VITAL AND VARIED ROLE IN […]

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The importance of SMEs in growing inclusive growth in Africa

Banking on the Future: How Today’s young professionals will be drivers of tomorrow’s banking revenue






Banks ready for the future? The emergence of mobile technology as an alternative to more […]

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Facebook and online shopping? But why not internet banking

The Banking Sector as an Enabler of the Economic Growth in Angola






Given the challenges faced by the Angolan economy, it’s important that banks move to adapt […]

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Barclays

Being the best: Inside the intelligent finance function






Insights from our African CFO survey As the leaders of today’s finance functions continue to […]

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Key findings from the 2014 Africa CFO Survey

Exchange Rates & its role in Ensuring a Stable Macro-Economy: A Focus on East Africa






By Elvis Ongeti Different countries have different currencies. There exists a need to purchase goods […]

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Key findings from the 2014 Africa CFO Survey

Rwanda: Why the country should develop treasury bills and bonds






By Godfrey Kiiza What benefit does Rwanda stand to gain if it develop its treasury […]

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Raw materials could unlock Zambian development

What does Africa have to offer investors as a listing destination?






The recent lack of growth in the developed markets coupled with perceived improvements in political […]

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Raw materials could unlock Zambian development

Africa’s extractive industries have more to offer investors






Mining for liquidity in Africa’s stock exchanges Improvements in political and macroeconomic stability, policy certainty […]

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Banking

Aggressive strategy required to reduce the unbanked in Nigeria – but possible






Nigerian banking continues to face significant headwinds – in relation to both revenue and costs.  […]

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Ideal Tax Operation

LWOL: A discussion with Joleen Young on financial inclusion and transacting in Africa






Last week our Payment Advisory Expert Joleen Young made herself available to do a live […]

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Key findings from the 2014 Africa CFO Survey

What’s driving African banking? And what’s stalling it?











Very few Africans make use of formal financial services. In fact, only 24% of adult Sub-Saharan Africans had a bank account in 2012, while the global average was 50%, says the Global Findex Database. In the following countries less than 10% had an account that year: Sudan, Senegal, DRC, Central African Republic, Chad, Niger, Madagascar and Mali.

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Ideal Tax Operation

How To Get Private Equity Exits in Africa Right – part II











Deal sourcing in Africa is driven largely by deep understanding of local markets, strong local relationships and networks. If used well, it will not only ensure exclusivity during the acquisition process but can guarantee reasonable entry valuation and lay solid foundation for a smooth relationship with the portfolio companies throughout the investment life cycle. Deals that are done through auctions tend to be competitively priced and in the process, create unnecessary distraction for management.

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Venture Capital and Private Equity Industry Performance Survey of South Africa covering the 2014 calendar year

How To Get Private Equity Exits in Africa Right











The attraction of PE to Africa is driven largely by many factors such as: the huge market size – Africa is home to over 1 billion people; relatively young population – about 60% are below 40 years of age; favorable demographics – rising middle class, increasing urbanization, increasing disposable income etc; improved democratic rule and governance, increasing public sector reforms, reducing incidences of civil unrests and wars etc and the mobile technology revolution in Africa driving increased efficiencies, productivity and reducing cost of doing business.

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Strengthening Access to Finance for Micro, Small and Medium Enterprises (MSMEs) in Nigeria

Why we need to reinvent the finance function











As much as 73% of African finance executives believe that the role of finance will increase five years from now, according to the findings of our KPMG Africa CFO Survey 2014. This is compared with the 56% obtained in our Global CFO Survey 2013. Moreover senior finance executives all over want to increase their “Decision Support” capabilities and decrease efforts on “Transaction Processing” in the next two years.

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Ideal Tax Operation

Encouraging growth in Southern African banking sector











“A growing body of evidence suggests that financial institutions and financial markets exert a powerful influence on economic development, poverty alleviation, and economic stability,” says Martin Čihák, lead economist at the World Bank. Financial sectors on the African continent remain largely underdeveloped, while banking industries continue to dominate the landscape in terms of total assets and services. Nonetheless, financial sector development has been on the agenda of African policymakers for some time.

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Nigeria’s FIRS and the Principle of Expectation











We were having a meeting with a client the other day, on a peculiar tax situation they were likely to face on a proposed contract. We had expressed our view on the issue, but further suggested that the matter be referred to the Federal Inland Revenue Service (FIRS) for their opinion. But there was a problem. The problem, as pointed out by the client, was how much reliance they could place on the opinion from the FIRS.

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Strengthening Access to Finance for Micro, Small and Medium Enterprises (MSMEs) in Nigeria

How can financial services best support inclusive growth in Africa? (Part 2)











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 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. According to the Central Bank of Nigeria, 96% of Nigerian businesses are SMEs (uS = 53%, Eu = 65%). Inclusive growth can be achieved by positioning these SMEs to take advantage of the opportunities in the economy.

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Leveraging of Mobile Networks

Tips on Deepening Investment Partnerships











At the credit application and processing stage, banks need to invest in systems that allow more efficient and tailored risk profiling. Such a system rewards diligent entrepreneurs with lower lending rates and greater access to capital. Post-disbursement, the establishment of dedicated advisory/support teams can help minimise credit risk and improve credit management by educating and advising SMEs on day-to-day financial management, record-keeping and corporate governance. The incremental cost of this will be easily offset by the increased patronage and lower default rates.

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KPMG Africa on Social Media

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