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KPMG Barometer reports continuous decrease of fraud risk






According to the Fraud Risk Barometer, the occurrence of reported fraud has decreased from 503 in the first half of 2012 to 348 cases in the second half of 2012. It is the third consecutive period where a decrease in reported fraud and corruption …

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Investing in Africa: Part Two











Investment in Africa, and developing the perception of Africa as a promising investment destination, is key to the continued growth, development and success of the region …

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Job Creation in BRICS and Africa











By virtue of their combined size, BRICS nations represent 45 percent of the world’s workforce. But of this workforce a large number are unemployed or unemployable. For BRICS countries, as for Africa, the challenge is how to find ways to develop the skills of the workforce so that is more efficient and productive, to educate and train the unemployed so that they become employable, and – most importantly – to create meaningful jobs for them to fill.

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BRICS and South Africa











Being the economic hub of the continent, benefits to South Africa will have spill-over benefits for the rest of Africa. According to BRIC architect Jim O’Neill (who was originally sceptical about South Africa’s inclusion in the grouping), South Africa has an important role to play, both as a gateway to the continent and as a catalyst for African integration.

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WEF and BRICS Connection – Unlocking Opportunities for Trade and Investment











Since BRICS’ inception, enormous opportunities have arisen for trade and investment within and through its member countries. China is currently South Africa’s biggest single-nation export market and South Africa is China’s biggest trade partner in Africa. India-South Africa bilateral trade is expected to reach US$15-billion by 2015, up from $11-billion in 2011.

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Building Africa with BRICS











Representing the world’s fastest-growing emerging markets, the Brazil-Russia-India-China grouping added South Africa to its ranks in 2011. Together the BRICS countries account for 42% of the world’s population …

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Increasing renewable energy access through investment











Investment in renewable energy products is one promising way to bring energy to the disconnected households and businesses. Solar home products, LED lights, and rural charging stations can bring small amounts of power to people in remote areas …

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Africa: reducing trade barriers and growing the economy











One challenge is the lack of a coherent regional approach to managing and harnessing partnership agreements and reducing inter-Africa trade barriers, which could improve the competitiveness of the countries within Africa and drive foreign direct investment …

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Investing in Africa: Part One











Sub-Saharan Africa is expecting a 5% annual growth rate in 2012-2013, and World Bank data show that almost half of Africa’s countries have reached middle-income status. As this growth trend continues, the continent is a potentially attractive destination for domestic and foreign private capital, including private equity investments, which will further boost growth rates.

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Energy access in Africa











Sustainable energy products and services have the potential to improve the lives and productivity of millions of rural households and businesses across sub-Saharan Africa that have no energy access. Private investment will be necessary to develop this market …

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Governments’ role in the World Economic Forum on Africa











Africa is the second fastest growing region globally, and as the economies of the African continent continue to grow, it’s important that governments support sustainable growth to create jobs, tackle inequality, and lift their people out of poverty. The theme of the World Economic Forum on Africa 2013 is “Delivering on Africa’s Promise” – apt given Africa’s growing middle class and the global demand for Africa’s resources.

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Africa as an investment destination











The attractiveness of Africa as an investment destination has been positively impacted by a number of developments in the regulatory environment in African countries …

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African cities: Key challenges and rising urbanisation











While African cities do bring with them great economic growth prospects and coordinated development, and urbanisation is often associated with rising incomes and better living standards, lack of resources, inadequate infrastructure and poor planning or management pose enormous challenges …

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The emergence of the African city











Africa’s rate of urbanisation and the development of cities has been slow, but the rise of emerging African cities has coincided with the continent’s growth and rejuvenation …

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Foreign direct investment in Africa: the rise of the Phoenix











Africa will continue to be one of the largest Foreign Direct Investment destinations and will retain its position of having at least six of the fastest growing countries in the world …

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The role of cities in Africa’s rise











The rise of cities in Africa and their role in economic development is a global phenomenon. Today, over half the world’s population are urban dwellers, generating, in some cases, up to 80% of a country’s national production and income. By 2025 cities will house over 4 billion consumers…

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Mozambique’s Promising Future











After almost two decades of civil war, Mozambique is rapidly emerging as one of the fastest growing economies in Africa. Economic growth is expected to average around 8 percent over the next few years, inflation is slowing from 8 percent in 2012 to an estimated 6 percent by 2016, and current account deficits are declining as a proportion of gross domestic product (GDP) to around 4.8 percent by 2016.

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Infrastructure and economic development: High potential in East Africa











While many regions around the world are now experiencing slow or stagnant economic growth, Africa stands out as a land of significant untapped opportunity. The continent boasts the highest levels of resource reserves in the world, Gross Domestic Product (GDP) is growing at around 5 percent per year and populations are set to double by 2050.

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Looking back, the World Economic Forum 2012 on Africa: Episode Two











Modern infrastructure is the backbone of any economy. Inefficient infrastructure is an impediment to sustainable economic growth. Infrastructure development continues to be significant in Africa. It is, however, important to focus on the dual nature of infrastructure development – namely development of the people as well as physical development.

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The Lion Roars: Africa in ascendency











As the mature economies of Europe, America and Asia continue to struggle, the eyes of the world have started to focus onto the wealth of opportunity that can only be found in Africa. And rightfully so. Right across the great continent, we are witnessing rapid rates of urbanization and population growth which, in turn, is creating one of the fastest growing labour forces and consumer markets in the world.

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History of the World Economic Forum











The World Economic Forum (“WEF”) is an independent international organization committed to improving the state of the world by engaging business, political, academic and other leaders of society to shape global, regional and industry agendas.

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Africa Rising











To many, Africa is a land of mystery and danger; a place where development is needed and investment is scarce; a complex patchwork of countries, cultures and societies. But to a growing number of infrastructure developers and investors, Africa is quickly becoming one of the hottest and most valuable emerging markets for infrastructure in the world.

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Looking back, the World Economic Forum 2012 on Africa: Episode One











The 22nd World Economic Forum (WEF) recently took place in Addis Ababa, Ethiopia. The theme of this year’s Forum was ‘Shaping Africa’s Transformation.’ The Forum hosted over 700 delegates from around the world who discussed and debated some of the issues required to drive Africa’s growth agenda. With the ongoing financial turmoil in traditional investment markets such as the United States and Europe, investment and expansion into Africa was at the top of the Forum’s agenda. The Forum highlighted the fact that there are huge opportunities for great investment returns in Africa and there was a specific focus on integrating and expanding Africa’s capital markets.

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Setting up project success in Africa











From Cairo to the Cape, major new infrastructure projects are now being planned, developed and delivered with the promise of unlocking stranded natural resources, enhancing prosperity and improving the lives of the continent’s billion citizens.

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Power to the independent providers: Investing in South Africa’s energy sector











Given South Africa’s heavy reliance on energy-intensive industries such as mining and manufacturing, it should come as no surprise that the country now boasts Africa’s most comprehensive and transparent energy policy. Ensuring a secure source of power is central to the country’s growth. South Africa currently uses some 40 percent of the total electricity consumed on the continent and outside of a few peak periods where power is imported from the Democratic Republic of Congo (DRC) – the country is largely self-sufficient in power generation. With steadily climbing economic and demographic growth rates, it is clear that the country will require continuous capacity increases to keep pace with projected growth.

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South Africa’s infrastructure triumph











South Africa has – in many ways – outstripped Africa’s rate of development by leaps and bounds. Since the arrival of democracy in 1995, the country has enjoyed a veritable infrastructure renaissance that has only been picking up steam over the past decade.

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KPMG and the UN World Food Programme











Lord Michael Hastings, Global Head of Citizenship, KPMG International, discusses KPMG’s support of the United Nations World Food Programme and KPMG’s efforts to address the global nutrition crisis, and how to help inform the debate on food scarcity and unlock some of the issues around food availability.

“We as KPMG were one of the many sponsors of the World Food Programme, both the tent in which a lot of the meetings and opportunities happened, but also a remarkable dinner that brings together on the Thursday night of Davos a huge number of very senior politicians, very senior business executives from around the world and leaders within the development sector.”

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