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KPMG’s commitment to create agile utilities in the energy sector across Sub-Saharan Africa, has motivated […]
The South African energy industry is being transformed by the Department of Energy’s (DoE) Independent […]
Infrastructure development is the greatest challenge for Africa in the 21st century. Africa is set […]
Infrastructure investment is currently a key driver behind the commendable GDP growth rates observed in […]
The Infrastructure Consortium of Africa (ICA) believes that 40 billion potential work hours are lost […]
A January 2015 special edition of KPMG’s FORESIGHT publication discussed ‘10 Emerging Trends for 2015: […]
Africa’s largest economies produce significantly more energy than other African peers. Also, the oil-producing nations […]
A well-worn argument postulates that infrastructure spending in Africa is focussed on resources due to […]
The impact of manufacturing on economic development has been widely studied. Very few countries have been able to grow and accumulate wealth without investing in their manufacturing industries, and a strong and thriving manufacturing sector usually precipitates industrialisation. The manufacturing sector is widely considered to be the ideal industry to drive Africa’s development.
In seeking productive investment destinations, the world’s attention has shifted from the BRICS nations to Africa – which is not, of course, a single economic region, but an array of 54 hugely diverse countries. Africa is often perceived as a “last frontier”, but it offers far more than just the resources – minerals, oil and gas – ascribed to frontier economies. The continent is witnessing the rise of an immense consumer class, mostly youthful, and desirous of the same goods and services as the fully developed world.
According to an International Labour Organisation (ILO) report sub-Saharan Africa has the world’s highest proportion (40%) of women who are just contributing family workers and are only supportive of the primary income earner. Only 15% of sub-Saharan African women are salaried (in developed countries it’s around 90%), and for most a job is not about building a career but about survival. In spite of the fact that women play such a key role in the home, and economy, they are not properly recognised and rewarded for their contribution.
Africa’s infrastructure deficit is seriously hampering its economic development. A recent World Bank study shows that Africa’s poor infrastructure system reduces national economic growth by as much as 2% annually. Furthermore it diminishes business productivity by as much as 40%, making Africa the least productive continent in the world. The importance of improving national and cross-boundary infrastructure can therefore not be overstated. In fact, bettering infrastructure is arguably the single greatest challenge for Africa in the twenty-first century.
Africa is the poorest continent in the world, yet it is one of the richest in terms of its natural resources. Its vast arable lands, excellent fishing grounds, and abundant fresh water supply (in certain regions at least) offer vast potential. Not only is Africa capable of feeding all of its own, it has been recognised as a potential world bread basket.
It is our pleasure to introduce to you the 2nd edition of the Sub-Saharan Africa Power Outlook, which has been prepared by our Infrastructure & Major Projects Group. The high growth of Sub-Saharan countries and the current developments in the power sector provide a broad range of new topics since the first edition of this report was launched in 2011.
Rwanda is steadily shedding its association with genocide and replacing it with one of progress, stability and liveability. Its capital city is at the heart of this transformation. What makes Kigali rank among the continent’s most liveable cities? We consider some of the top reasons for the city’s growing acclaim …
Eight West African nations – namely Benin, Burkina Faso, Mali, Guinea-Bissau, Niger, Ivory Coast, Senegal and Togo – are set to benefit from a $19 billion investment to tackle their infrastructure deficits. The investment is the result of a partnership between the West African Development Bank (BOAD), the West Africa Economic and Monetary Union (UEMOA), and Global Finance and Capital Ltd (GFCL).
The Zambezi River Basin (ZRB), consisting of Angola, Botswana, Malawi, Mozambique, Namibia, Tanzania, Zambia, and Zimbabwe, is integral to the lives and basic needs of the 30 million people with access to it. The riparian economies that the ZRB facilitates have consistently enjoyed economic growth above 6% year on year, though in the past 30 years, little investment has been made into the ZRB itself in the past 30 years.
Education in Africa faces numerous obstacles, from a scarcity of schools and supplies to untrained teachers and children too hungry to concentrate. Below we identify the top 5 requirements for Africa to propel its education, and consequently its socioeconomic growth, into the next phase of development.
Singapore sees profitable trade opportunities and project partners in the area and that are ready and eager to establish more links with Africa.
The recently released Africa Progress Report 2014 divulged that Kenya is now the third biggest economy in Africa, after Nigeria and South Africa.
Resource-based industries are not entirely about resources. They are, very largely, about people, and how effectively people from all sectors work together. In this article I will outline why collaboration is vital to growing our African resource industries.
The 2014 Economic Report on Africa, released by the United Nations Economic Commission for Africa (UNECA) and the African Union (AU) highlighted the fact that Africa needs to radically change its policy towards industrialization.
In spite of the high inequalities existing between countries in Africa, inclusive growth was still possible with cooperation and integration of trade, the Chief Economist, African Development Bank, AfDB, Mthuli Ncube, has said. Mr. Ncube, who was speaking during one of the private meetings marking the opening of the 24the World Economic Forum
The African Development Bank Group (AfDB) is leveraging support to Zambia’s National Agriculture Investment Plan (NAIP: 2014-2018) with the approval of a US $31.12 million (UA 20.54 million) grant from the Global Agriculture and Food Security Programme (GAFSP), to support its agriculture value chain development project.
The Association of International School Educators (AISEN), and KPMG, a professional services firm, have stressed the need for the inclusion of entrepreneurial studies in schools.
Botswana, a middle-income nation, has one of the fastest growing economies in the world today. It has enjoyed an excellent record of political stability since independence in 1966, a consistent focus on education investment has led to high education levels, and the country has one of sub-Saharan Africa’s highest investment grade sovereign credit ratings.