Tag Archives | African continent

Tanzania to Ease Capital Control

A discussion with Dr Lyal White on the rebasing of Nigeria’s GDP






Last week, a Lunch with our Leaders (LWOL) discussion was held on LinkedIn with Dr Lyal White, Director of the Centre for Dynamic Markets (CDM) at the Gordon Institute of Business Science (GIBS), University of Pretoria, on the topic of Nigeria’s GDP rebasing. We invited you to present your questions to White and an informative conversation developed.

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International Retailers Eye-Up Africa

International Retailers Eye-Up Africa











Africa retail sector on the verge of sky-rocketing with big international brands landing on our shores. Large international retailers eager to get a footprint on the African continent are using South Africa as their vantage point, while they assess their next expansion point into the growing economies of Africa.

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http://www.blog.kpmgafrica.com/wp-content/uploads/2014/09/2014-CFO-Survey-Report.compressed-1.pdf

Africa Brief: NIGERIA Navy destroys illegal refineries, World Bank set to fund Congo dam and more…











The World Bank is likely to approve the funding of the expansion of the Inga hydro-electric dam in the Democratic Republic of Congo according to a bank official.

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Africa Brief

Africa Brief:Tough budget for president, Climate shift will hit Africa hard and more…











Nigeria’s president faces a daunting task when he presents next year’s budget tomorrow; with tighter spending likely to be shot down the legislators keen to keep the wheels of patronage turning ahead of elections in 2015.

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Western Union launched Nigeria’s first outbound remittance payment service, which is expected to boost business growth in the country.

Nigeria’s Interswitch founder says it should have expanded into Africa sooner











The issue of financial inclusion is a hot topic on the African continent, with many technology and financial service providers competing to take the lead. Nigeria’s Interswitch Limited, a pan-African integrated payment system, took the decision to move into Africa around three years ago.

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Managing portfolio companies most effectively

Africa Brief: Angola stock exchange, Dangote’s planned investment, Egypt’s borrowing costs and more











Angola has delayed plans for the start of stock-exchange trading by a year to 2016, with a futures and commodities market in Africa’s second-biggest oil pro­ducer set to open a year later. Angola expects its stock exchange to have a market value of 10% of gross domestic product within 18 months of its startup, he said. Angola’s largest banks, which include Banco Angolano de Investimentos and Banco de Poupanca e Credito, as well as cellphone companies Unitel and Movicel Telecomunicacoes, are expected to list on the exchange.

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High Growth Markets magazine – Unleashing Africa’s potential

Results of the 2012 Africa Anti-Money Laundering Survey











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.

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Can business be done ethically on the African continent?











The English philosopher Francis Bacon once claimed “opportunity makes the thief”. The implication is that people are not born thieves, but thieves are created in the moment, in situations where opportunities for thievery exist. A second and more unsettling implication is that anyone is potentially a thief. Criminologists working from the opportunity hypothesis also propose that crime is the result of a rational choice in which costs and benefits are weighed up.

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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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