Tag Archives | KPMG Nigeria
In spite of the high inequalities existing between countries in Africa, inclusive growth was still possible with cooperation and integration of trade, the Chief Economist, African Development Bank, AfDB, Mthuli Ncube, has said. Mr. Ncube, who was speaking during one of the private meetings marking the opening of the 24the World Economic Forum
All is set for todays “lunch” with Segun Sowande, a power sector expert and partner in the Management Consulting unit of KPMG Nigeria. He will be providing insights and facts on the emerging trends in the power sector of Nigeria.
The Petroleum Industry Bill of 2012 (PIB) provides a legal, fiscal and regulatory framework for the Nigerian petroleum industry. In July of last year, the PIB was forwarded to the National Assembly for consideration and passage into law.
We recently launched KPMG Africa Lunch with our Leader, a weekly LinkedIn discussion group creating an opportunity for you to engage in meaningful discussion with our leadership. Adebisi Lamikanra, Partner and Head of the Management Consulting Practice of KPMG Nigeria, discussed her own personal success and the role she plays in the success of KPMG…
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.”
Africa is no longer just a curiosity, it is a big source of profit. Boasting GDP growth of more than 5% over the past decade, a population of over 800 million and a total purchasing power of 1.9 trillion US dollars. With growth of any financial services sector really intertwined with that of any economy, it’s not hard to see the appeal that this sector, and investing in it, offers. Once this investment gets made, it then triggers a vicious circle where financial services plays a critical role in unlocking Africa’s full potential.