Tag Archives | FDI

Strengthening Access to Finance for Micro, Small and Medium Enterprises (MSMEs) in Nigeria

Why we need to reinvent the finance function






As much as 73% of African finance executives believe that the role of finance will increase five years from now, according to the findings of our KPMG Africa CFO Survey 2014. This is compared with the 56% obtained in our Global CFO Survey 2013. Moreover senior finance executives all over want to increase their “Decision Support” capabilities and decrease efforts on “Transaction Processing” in the next two years.

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Strengthening Access to Finance for Micro, Small and Medium Enterprises (MSMEs) in Nigeria

How can financial services best support inclusive growth in Africa? (Part 2)











Inclusive economic growth is growth that leads to job-creation, causing a ripple effect on the purchasing power of the majority of the populace. The private sector, and in particular SMEs, are the drivers of an economy. SMEs are also the largest providers of direct employment and inclusive growth can be achieved through promotion of policies that would drive their development. According to the Central Bank of Nigeria, 96% of Nigerian businesses are SMEs (uS = 53%, Eu = 65%). Inclusive growth can be achieved by positioning these SMEs to take advantage of the opportunities in the economy.

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Chinese businesses contribute $3bn to Zambian economy

Chinese businesses contribute $3bn to Zambian economy











Over 550 Chinese businesses are operating in Zambia, bringing more than US$3 billion into the economy, reported new Chinese Ambassador to Zambia Yang Youming earlier this month. He was speaking at a reception commemorating the 65th anniversary of the People’s Republic of China, established in 1949 by Mao Zedong.

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No-till agriculture and drought-resistant crops critical to Africa’s prosperity

Dow AgroSciences investing heavily in Africa











Dow AgroSciences, the American manufacturer of products devoted to crop protection, is deepening its investment into Africa in order to claim a bigger stake in the continent’s vast agricultural potential. It is doing this by entering new countries, and also by removing the middle man in countries where it already had operations, believing now that the best way to do business in Africa is to have a local presence.

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Africa Brief

West Africa’s 3 up-and-coming investment cities











Booming West African cities such as Lagos, Abuja and Accra have received a great deal of attention and FDI over the past decade in response to their population growth, economic growth, dynamism and promise. While we expect to see these cities continue as primary investment destinations, domestic and foreign investors alike are always looking for the next big thing – those up-and-coming cities that will rise to prominence ten years from now.

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Agriculture in Africa: How far, how well?

Foreign investors eye Ugandan mines and food











Foreign investors are keenly pursuing opportunities in the small East African nation of Uganda in the fields of mining and agro-processing.

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Raw materials could unlock Zambian development

Africa Brief: NewPlat lists in Botswana and more…











Funds Barclays Africa yesterday listed NewPlat, the world’s largest platinum exchange-traded fund, on the Botswana Stock Exchange.

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Facebook and online shopping? But why not internet banking

Africa Brief: Nigeria-SA Chamber talk African trade and more…











A meeting of Nigeria-South Africa Chambers of Commerce to be hosted in Lagos will discuss Africa’s competitiveness and ways of boosting intra-African trade

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Africa's Youth

The Emergence of the Africa 8











Ecobank recently coined a new emerging market investment grouping – The Africa 8. Unlike other emerging market groupings, this one focuses entirely on investment potential going forward within Africa itself.

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Ideal Tax Operation

USD 33bn investment from the U.S. is just a start, says KPMG











The United States has committed to invest USD 33 billion in Africa -this was the message from the recent U.S. Africa Leaders’ Summit hosted by the U.S. Department of State.

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How can financial services best support inclusive growth in Africa?

US-Africa Leaders Summit promises good things











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.

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High Growth Markets magazine – Unleashing Africa’s potential

Nigeria’s growing magnetism for foreign investment











Nigeria’s foreign investment story is a riveting one, with figures escalating at an unprecedented rate as the country’s GDP and reputation as an emerging market mecca continue to grow.

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Growing road networks and Africa’s changing auto market

Growing road networks and Africa’s changing auto market











Rapid urbanisation, better road networks and an expanding middle class are three critical drivers of Africa’s growing and changing auto industry.

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Using Nigeria’s oil to diversify the national economy

Using Nigeria’s oil to diversify the national economy











More attention than the usual is being given to the Nigerian economy in the wake of April’s GDP rebasing which saw the nation pip South Africa to claim top spot in Africa.

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The Factors involved in Setting Family Salaries in a Family Firm

Africa’s Top 10 Fastest Growing Economies











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.

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Africa Brief

Africa Brief: Fuel prices rise as subsidies cut, Mozambique tourism next big thing and more…











Cameroon has cut some of its costly fuel subsidies, a move that will please international donors calling for reforms, although similar moves have been reversed in the past due to the threat of protests against subsequent price rises.

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Africa Brief

Africa Brief: Global investors losing out on Africa, Harare will not rush to return to its currency and more…











Global investors are missing great opportunities by not considering Africa for investment, with opportunity costs of up to $1.5bn being faced by those not investing in emerging markets.

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Investing in Kenya

Spotlight on Kenya











Kenya’s financial services industry is currently one of the fastest growing not only in the East African region but the continent with the Nairobi Securities Exchange (a financial assets and securities market) being ranked fourth in Africa.

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FDI favouring consumer-facing industry

FDI favouring consumer-facing industry











FDI into Sub-Saharan Africa is expanding – in fact it is presently at its highest level in a decade – but it is notable that this injection of capital is increasingly being directed towards consumer-related markets, among others, and less towards the mining sector.

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Key findings from the 2014 Africa CFO Survey

The African Tax mix











Investors establishing enterprises in an African nation or nations will soon find that the tax mix throughout Africa varies greatly from country to country, with some countries relying almost solely on one type of tax, while others have a more balanced approach to taxation.

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Africa's Youth

Africa continues to show promise as a key FDI destination











During the 23rd World Economic Forum on Africa, held earlier this year, regional and global leaders from business, government and civil society engaged in discussion around unlocking and delivering on Africa’s promise and potential. We believe that the continent will continue to show prominence as a key destination for foreign direct investment (FDI) in coming years, with Yunus Suleman, Chairman of KPMG Africa, reiterating: “Africa will continue to be one of the largest FDI destinations and will retain its position of having at least six of the fastest growing countries in the world!”

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Incredible growth of Kenya’s beer market

Reforms in the Nigerian Insurance Industry











Nigeria’s insurance industry has witnessed positive changes in recent times, arising from the new reforms embarked upon by the National Insurance Commission (NAICOM), the primary regulator of the Nigerian Insurance Industry. The country’s insurance market is the largest in the West Africa sub-region, however the penetration is currently considered very low when compared with the population of over 165 million people.

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Ethiopia’s continued strong economic growth











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.

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Nigeria’s Petroleum Industry Bill

KPMG Global Mining Conference: Opportunities in Mozambique











Africa’s economies have been expanding robustly as new discoveries of coal, oil and gas look set to create substantial business opportunities and transform the continent’s economies. The continent not only is a major producer of diamonds, nickel and uranium, but also holds 40% of the world’s gold, 60% of cobalt and 90% of its platinum reserves. Africa’s growth, however, results from more than a resource boom, having been supported (amongst other factors) by external trends such as its’ increased access to international capital and ability to forge economic partnerships with foreign investors.

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Mali’s gold mines

Nigeria: Unleashing the oil giant’s enormous potential











Nigeria has substantial reserves of both oil and gas, even when compared on a global basis. It accounts for around 95% of export receipts, around 15% of GDP and over 80% of fiscal revenue. As a result, the Nigerian economy is left vulnerable to oil price or crude production volatility.

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What does it take to attract Private Equity and Venture Capital for growth?











Seven of the world’s ten fastest growing economies are in Africa, 52 African cities have populations of over 1 million people and by 2040 it is expected that 1.1 billion Africans will be of working age. Africa has 60% of the world’s uncultivated, arable land; 56.7% of the world’s diamond (gemstone) production, 66% of the worlds’ cocoa production, 10% of the world’s oil reserves, 80-90% of the world’s platinum group metal reserves and 40% of the world’s gold reserves.

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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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Prioritising Africa’s megacities











Whilst Africa is often perceived as a mysterious, underdeveloped continent, it’s quickly becoming one of the most valuable emerging markets for infrastructure. In fact, infrastructure development – in the form of megacities – is one of the key strategic priorities for senior African leaders. What’s driving infrastructure development in Africa?

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Africa increasingly dominating investment attention











Foreign Direct Investment (FDI) into Africa is on a path of continuous growth according to the Africa Emergence: Rise of the Phoenix report. Growth in the region, to date, has been referred to as only the “tip of the proverbial iceberg”. Our own Yunus Suleman added that the continent has much more to offer, and that Africa is set to hold its title as one of the largest FDI destinations and one of the fastest-growing economies.

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Private Public Partnerships (PPPs) – critical to harnessing private investment











The infrastructure deficit is often noted as having a massive impact on the continent’s development and growth, with infrastructure highlighted as a key area requiring investment. The 23rd World Economic Forum has a central theme of Delivering on Africa’s Promise, and has infrastructure as a dominant and recurring topic for discussion.

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