Tag Archives | African growth
Over the past ten years, there has been an unprecedented growth globally – and in Africa in particular – in the number of people rising out of poverty to achieve middle-class status. This population, often referred to as the Middle of the Pyramid (MOP), has a significant disposable income meaning an increasing demand for healthcare. As countries grow wealthier, models of healthcare provision and financing need to adapt to increasing expectations and new demands for healthcare.
Our recent 2014 KPMG African and Global CFO surveys revealed some telling differences between operations and challenges in Africa and those in the rest of the world. For example, African firms differ significantly from their global counterparts with respect to centralised versus decentralised operations of their chief financial officers (CFOs).
Famous Brands, the owner of brands such as Debonairs and Steers, has ambitious expansion plans for oil-rich African countries such as Nigeria, Ghana and Angola. The Economist Intelligence Unit predicts that by 2030, Africa’s top 18 cities could have a combined spending power of $1.3-trillion.
Most accounts of health and healthcare in Sub Saharan Africa are written by foreigners. This book redresses the balance. It is written by Africans who have themselves led improvements in their own countries and describes many of the features of leadership, policy and implementation which have been involved.
As one of the most politically stable countries in Africa, it’s not surprising that Zambia is stepping forward as a worthy contender for potential investors looking to enter and/or expand operations on the continent.
Last week during the US-Africa Leaders Summit in Washington DC, US President Barack Obama committed his country to a long-term African investment of $33 billion.
As countries grow wealthier, models of healthcare provision and financing need to adapt to increasing expectations and new demands for healthcare.
There has been a rapid expansion of banking activities across the continent in recent years that, encouragingly, has not been driven by global / Western banks alone
In the past ten years, African countries have experienced unprecedented growth rates, with seven of the top ten fastest growing economies in the world being those of key African countries this year.
Africa brief: Niger Uranium mine strike on hold, Ivory Coast gold mine, Egypt IMF loan deal, cloud services and more
Areva’s Cominak uranium mine in northern Niger returned to work at the weekend after a 48-hour strike but unions warned they would take further action after today if the company did not boost bonus pay Mining unions said they had called their stoppage because Cominak paid workers too low a bonus after under-declaring profits for last year. “This was a warning strike. Cominak’s management has until Monday to make a satisfactory offer, otherwise we will hold another strike,” said Inoua Neino, the general secretary of the National Union of Mine Workers of Niger.
Africa’s private equity (PE) landscape is uncharted and at an early stage of development, however, it is growing steadily and giving good returns. In fact, according to a KPMG survey, a record amount of 25.7 billion rand ($3.03 billion) in PE money from Africa was returned to investors in 2011, up from R18.1 billion in 2010.
According to Dapo Okubadejo, the partner in charge of Corporate Finance & Financial Advisory Services at KPMG Nigeria:
“Africa is now viewed by PE houses and fund managers as a priority investment destination. As growth in other economies have slowed in recent years due to the 2008/9 recession and current crisis in the Eurozone, investors have been looking to emerging markets and economies that will provide higher return rates and Africa is continuously proving its business case for investment.”