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The primacy of manufacturing in unlocking Africa's potential

The primacy of manufacturing in unlocking Africa’s potential






In seeking productive investment destinations, the world’s attention has shifted from the BRICS nations to Africa – which is not, of course, a single economic region, but an array of 54 hugely diverse countries. Africa is often perceived as a “last frontier”, but it offers far more than just the resources – minerals, oil and gas – ascribed to frontier economies. The continent is witnessing the rise of an immense consumer class, mostly youthful, and desirous of the same goods and services as the fully developed world.

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5 steps for closing the “expectation gap” around Africa’s resources

5 steps for closing the “expectation gap” around Africa’s resources











Resource-based industries are not entirely about resources. They are, in large part, about people, and how effectively people from all sectors work together. In this article I will outline why collaboration is vital to growing our African resource industries. Firstly, we must face the fact that African countries are now competing for a smaller pool of global investment capital, amid investors’ suspicions that Africa has not delivered. The “hidden costs” of doing business in Africa – costs related to weak infrastructure, corruption and political instability – have taken their toll on returns to shareholders.

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oil and gas

Unlocking the potential of Africa’s NOCs











Major oil and gas discoveries have opened new exploration plays in East Africa and offshore West Africa. Equally, ever-expanding energy requirements from domestic markets support the commercialization of these discoveries in Africa. Against this background, African governments want to ensure greater national participation in their upstream petroleum sector.

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African Potential: 
unleashed or unfulfilled?

African Potential: 
unleashed or unfulfilled?











A strong manufacturing sector can help Africa’s emerging economies escape the poverty trap and build sustainable growth. With a billion people spread across 54 diverse nations, and rich natural and agricultural resources, Africa is often described as the last true frontier for economic development.

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The Power of Collaboration- 5 steps for closing the “expectation gap” around Africa’s resources

The Power of Collaboration – 5 steps for closing the “expectation gap” around Africa’s resources











Resource-based industries are not entirely about resources. They are, very largely, about people, and how effectively people from all sectors work together. In this article I will outline why collaboration is vital to growing our African resource industries.

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Big Cities Africa

Africa’s urban future











Cities are the economic and creative hubs that keep a country connected to the globalised world, while the sense of permanence that they create allows us to embark on long-term projects. Equally, cities frame and channel the currents of change that take our society forward as we achieve improved livelihoods and realise more of our dreams.

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#LWOL: A discussion with Yunus Suleman on the impact of Africa’s Education system on our society and corporate environment

Africa’s Consumer Story: Demographics











KPMG Africa has published a report entitled Africa’s Consumer Story. The aim of this study was to analyse the key drivers of the retail market in Africa, including key demographic and macroeconomic factors. In addition, we considered the broad outlook for the sector and highlight the countries we expect will have the biggest growth rates in the sector over the forecast period. In this article, we take a look at the Demographics component of the study.

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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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Africa Brief: Timing vital for African success, Zambian telecoms, campaign begins in divided Mali and more











Timing is crucial for both companies and investors, seen in a recent report produced by Avior. Wrong execution or timing could damage investor confidence and destroy capital. For instance, Altech operations in Nigeria and Kenya have been generating significant losses until disposal thereof in January 2013. Altech’s net cash re­sources have dwindled from Rl.6bn to a net debt position of around R800 million over the past four years. The researchers concluded that the best time to buy into a company depended on the differential between growth in South Africa and growth across its borders, as well as the extent of the company’s exposure to the rest of Africa.

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Singapore

Africa’s Urbanisation











In this featured video, we present an interview between Bruce Whitfield and Dr Lyal White, Director of the Centre for Dynamic Markets. They discuss the rise and complexity of cities in Africa. The foundation for the conversation was an article written in partnership by KPMG and Dr Lyal White: The Role of Cities in Africa’s Rise

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Mozambique (122)

Mozambique: Challenges and Opportunities











Following on from our previous post, Country Focus Seminar: Mozambique, we take a look at some of the challenges and opportunities cited by Miguel Alvim, Advisory Managing Partner at KPMG Mozambique.

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The future of mining in Africa











The future of mining in Africa depends on the short to medium-term outlook of all commodity prices and government tax reform initiatives. These factors will determine whether gold and coal miners succeed in countries like Ghana and Mozambique, and can seriously affect the future growth of the industry.

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The megacity – The tenuous balance between opportunity and despair











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.

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The benefits of systematically prioritising infrastructure projects











In our last post, KPMG’s approach to infrastructure prioritisation for Big Cities, we documented our approach to the prioritization process, and advised on how KPMG assists Big Cities in prioritization, planning or sequencing of the projects. In Big Cities Infrastructure Prioritisation we looked at the necessity of accurate and though-out prioritization to ensure sustainability and long-term benefit. Here, we take a look at the benefits of prioritization of infrastructure projects, and introduce you to our Big Cities team.

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Big Cities Infrastructure Prioritisation











Cities are burdened with aging and failing infrastructure in some areas on the one hand, as well as huge development and service delivery needs in previously disadvantaged areas on the other. In many cities across Africa, government institutions that are charged with the responsibility of delivering and maintaining infrastructure have become stretched by skills shortages and increased maintenance responsibilities.

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Africa Brief: WEF on the ‘promise of Africa’, food production in sub-Saharan Africa and more











Diversifying Africa’s resource-dependent economies and speeding up the infrastructure development so vital to its future will be two of the main topics at this week’s World Economic Forum (WEF) on Africa. This week’s event carries the theme “Delivering on Africa’s Promise”.

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Africa Brief: Central Africa security focus, resources curse, banks post higher losses, Egypt, Uganda, Transnet and more











SA’s government and its military seem to be focused on the problems of central Africa — the geographical region, not the country — but the reasons for the growing involve­ment are hard to discern. 13 paratroopers were flown home in body bags after extraordinary battles in Bangui with Seleka rebels on March 23. SA is becoming more and more involved with peacekeepers and other military contingents in the Democratic Republic of Congo — with more on the way in a new intervention force in the eastern Kivu region — and in the CAR, and in Sudan’s Darfur region.

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Business in Africa: Some challenges on the road to a promising future











The April 2012 World Economic Outlook report published by the International Monetary Fund presented a sturdy but cautiously optimistic future for the various African economies. Sub-Saharan
 Africa particularly recorded a strong 5 percent growth in 2011 and was one of the regions least affected
by the global financial crisis. With the exception of South Africa, limited financial ties to Europe helped shield the region from the financial havoc that tore through Western economies in late 2011.

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Sustainability Megaforces: Is the insurance industry prepared?











The insurance industry relies on the ability to make informed predictions of future events as the basis for taking actions in the present. increased severity and/ or frequency of weather events, if not adequately accounted for, will mean that claims exceed levels predicted by actuarial models, and premiums will not be set correctly. Figure 2 illustrates the trends in the number of disasters reported internationally per year.

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