Tag Archives | opportunity
On 19 August I travelled to Madzi Apidza village, Malawi as a Project Africa envoy to witness and participate in the construction of a school financed by staff and Partners from our US practice.
The International Tobacco Growers’ Association has banded with tobacco farmers in Zimbabwe, Malawi, Zambia, Kenya and South Africa against governmental interventions to their growing and trading practices.
Mozambique has experienced growth rates of 7% in recent years, combine that with its political stability and recently discovered vast gas and coal resources, the country is destined to become Africa’s leading player in the power sector.
Africa is a large and diver continent which offers a lot of opportunity and avenues for FDI. With mineral wealth, strong demographics, increasing middle/consumer class and improving political and regulatory environments, we expect Africa to continue to attract the interest of international investors.
Private equity is a vital facet of sustainable development – serving as a mechanism to allow businesses to establish themselves, and to expand. Private equity funds enhance that effect through collective investment, in areas related to private equity: venture or growth capital, distressed investments, leverage buyouts, or mezzanine capital.
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.
As African nations march towards more formal, regulated economies, private equity is determined to play more than just a walk-on part. But there is still much to learn about doing business in this diverse region.
The Partner and Global Chairman, Energy and Natural Resources Sector, KPMG, Mr. Michiel Soeting, has said that the discovery of shale gas in the United States, which is a major importer of Nigeria’s crude oil, would pose a threat to Nigeria and at the same time provides an opportunity for the country to diversify its economy.
In Africa, unemployment – and underemployment, for that matter – is notoriously high, particularly amongst the youth, which makes up 60% of the continent’s population and nearly half of the total labour force.
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.
When it comes to telecommunications, Africa is a continent of great opportunity. With at least 500 million potential mobile subscribers, it presents a massive consumer market when compared with the slowdown in subscriber growth in the rest of the world. With only a 55% penetration mobile penetration rate across 22 African markets, due to factors such as cost, interest by foreign investors in this market continues to grow at a steady pace.
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…
Private equity (PE) as an asset class has received reasonable prominence in Africa in recent times. New records are being set both at the levels of fund raising and sector diversity of investments. Africa is becoming increasingly investor-friendly!
Egypt is home to more that 82 million people, which is the third largest population in Africa and the largest in the Arab world. Recently, the Northeast African country has been plagued by political instability and waves of protestor violence, impacting a number of sectors, including business and tourism.
On 20 June 2013, KPMG hosted the Africa Exchange’s Mozambique Country Focus Seminar in Johannesburg, South Africa. His Excellency H.E. Fernando Fazenda of the High Commission of the Republic of Mozambique to South Africa set the scene for the discussions, noting that Mozambique has various investment opportunities and is open for business. In addition to the opportunities that abound in Mozambique, Fazenda noted that there are potential challenges facing those wanting to invest in the country.
Kenya may face a “spike” in petrol costs and a shortage next month because of a dispute between fuel retailers and the country’s only refinery, the head of a leading fuel and oil retailer, Vivo Energy Kenya, has warned. Ten fuel-marketing companies have refused to adhere to a rule that they purchase 40% of their fuel needs from the 50-year-old refinery, the Oil Industry Supply Co-ordination Committee said in a letter sent to Kenya Petroleum Refineries Limited (KPRL).
“Is it possible to do business in Africa without having to cross moral boundaries?” This question is encouraging as an indication that moral considerations increasingly form part of strategic business decisions. The concern with ethical business is no doubt inspired by stringent and more diligently enforced legislation on corruption. The unfortunate consequences of corporate participation in corruption has been evident in the case of Siemens, for instance, who agreed to pay $1.34 billion in fines for bribery in December of 2008.
By 2030, for the first time in history, 60% of the world’s population will be living in cities. And not just ordinary cities, but huge urban agglomerations called megacities. While these super-sized cities are often considered fundamental to economic development – offering inhabitants tremendous opportunities – they can also be hotbeds of misery and poverty.
Recently, parts of the African continent have achieved significant economic growth and sub-Saharan economies are forecast to grow at 5.8% for 2013, according to the IMF’s 2012/2013 World Economic Outlook. Many African economies have also experienced increased trade volumes and higher levels of foreign investment. Yet, in light of this relative economic success, the challenges of poverty, inequality and underdevelopment persist. Much of the recent economic growth has been spurred by improved demand for products in resources and primary sectors of African economies, as well as increases in commodity prices.
Founded on the principle that agriculture is central to sustainable development, the New Vision for Agriculture was launched in 2011 as a benchmark for agricultural transformation in developing countries worldwide …
Africa Brief: South Africa and African growth, Zimbabwe investment, Motsepe Guinea investment plans and more
Global investors are looking for new ways to participate in Africa’s growth success. The International Monetary Fund’s (IMF’s) latest World Economic Outlook expects that sub-Saharan Africa will grow 5.6% this year and 6.1% next year. If these projections are realised, sub-Saharan Africa will surpass Asia as the world’s fastest-growing region next year. It is not surprising that rapid growth is occurring in the poorest countries. What is surprising about Africa’s present rapid growth performance is that it is spread across a large number of countries.
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.
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.
In a world that is looking for alternative investment destinations, Africa is seen as the next investment and growth frontier. In order for the continent to secure its place in the global economy, properly developed infrastructure – that can support business development across the continent – needs to be established.
Africa is well positioned as an emerging market and is a wealth of opportunity for investment and growth. The world is eager to do business with Africa, however finds it difficult to access the African market especially in the interior, primarily due to poor infrastructure.
KPMG’s Africa Conversation series is dedicated to developments in Africa and the implications for the continent’s economy. The Conversations facilitate interaction and knowledge-sharing between KPMG experts, clients, and businesses operating in various economic sectors across the continent.
Topics are selected to reflect the most important and topical opportunities and challenges in Africa, and are discussed by a panel of experts in each field. Sharing our knowledge through this platform is one more way that KPMG adds value to businesses that are active in, or aiming to become active in, Africa.