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Africa’s economic growth and performance has improved greatly since the turn of the century, leading […]
High growth and emerging markets represent some of the biggest growth opportunities in recent history. […]
Africa is blessed with a young and growing population, abundant resources, and large tracts of arable land, but it has many challenges. The main challenge is to leverage Africa’s natural endowments to grow the economy in a way that improves efficiency and creates employment and growth opportunities for the poor.
Africa’s 2013 literacy rates vary widely, from 90.7% and 87% in Zimbabwe and Equatorial Guinea respectively, the continent’s best rates, to 21.8% 25.7% in Burkina Faso and Chad respectively, the continent’s worst. Addressing Africa’s literacy gap therefore requires varied, country- or region-specific approaches.
With strong growth aspirations in infrastructure, finance, energy, mining and other sectors, the role of procurement in organisation is becoming very strategic.
We are living in an era of constant change and unprecedented events. No government, business, or society is immune to change. Whether it’s short-term negative shocks such as natural disasters, social instability; or long-term change opportunities and risks, the only certainty is that there are more change pressures than ever before and they affect all of us.
When it comes to global greenhouse gas emissions, Africa’s current contribution is relatively small but, as the continent continues to expand economically, this will increase as will the demand for greater power. Cultivating long-term renewable energy projects is therefore crucial to long-term sustainable development across the continent.
At KPMG, in the context of renewable energy and climate change technology, we offer the core services of programme and fund management, Promoting public sector and civil society innovation for sustainable development, and Engaging the private sector in Renewable Energy and Adaptation to Climate Technology (REACT) impact activities.
It is now more evident than ever before that sustainable development can only take place within the context of a robust private sector equipped to drive growth. A healthy private sector and business-enabling environment helps attract investors, create employment, generate wealth and ultimately reduce poverty.
Ethiopia is one of the most promising regions in Africa for retail development over the next two decades, in our opinion. Ethiopia’s promise can be attributed to the combination of its large population size and good prospects for economic growth.
In May 2013, South Africa played host to the 23rd World Economic Forum on Africa (WEF Africa). The theme of the conference was “Delivering on Africa’s Promise”. The conference saw key players and investors from all over the world convene to discuss a sustainable path of growth and development for the continent. The summit sought to address three key themes, Accelerating Economic Diversification, Boosting Strategic Infrastructure and Unlocking Africa’s Talent.
The Nigerian agriculture minister, Akinwumi Adesina, once stated that “potential is important, but nobody eats potential”, thereby summarising one of Africa’s key problems – unlocking its agricultural potential to allow the continent’s growing population to fully benefit from the available resources. KPMG’s paper aims to provide a glimpse of Africa’s agricultural sector – where it stands, how it got there and what should be changed in order to move forward, knowing that potential alone is not enough to feed a growing population.
“Women Matter”, a McKinsey & Company study, suggests that the companies where women are most strongly represented at board or top-management level are also the companies that perform best. From this and various other similar studies, it is evident that having women on boards has an economic impact on the financial performance of organisations.
The level of interest by African banks in anti-money laundering (AML) has risen drastically, according to the 2012 KPMG Africa Anti-Money Laundering Survey. The survey revealed that 66% of the main board of directors have prioritised AML issues, as banks work to comply with stricter global regulations.
On 13 June 2013, the 2013-14 Budget was presented in the Ugandan Parliament. Uganda Budget Brief is a general guide summarising some of the main features of the proposed Budget, including Economic and Budget commentary, and Tax Highlights.
Recently, parts of the African continent have achieved significant economic growth and sub-Saharan economies are forecast to grow at 5.8% for 2013, according to the IMF’s 2012/2013 World Economic Outlook. Many African economies have also experienced increased trade volumes and higher levels of foreign investment. Yet, in light of this relative economic success, the challenges of poverty, inequality and underdevelopment persist. Much of the recent economic growth has been spurred by improved demand for products in resources and primary sectors of African economies, as well as increases in commodity prices.