Tag Archives | Rwanda
According to an International Labour Organisation (ILO) report sub-Saharan Africa has the world’s highest proportion (40%) of women who are just contributing family workers and are only supportive of the primary income earner. Only 15% of sub-Saharan African women are salaried (in developed countries it’s around 90%), and for most a job is not about building a career but about survival. In spite of the fact that women play such a key role in the home, and economy, they are not properly recognised and rewarded for their contribution.
As infectious and parasitic diseases and perinatal dangers are brought under control in Africa, the continent’s mortality profile will increasingly come to resemble that of more advanced societies. At some point (which is still however some way off), non-communicable conditions like cancer, diabetes and heart failure will kill the most people, resulting in a complete change in the demands on healthcare systems.
Things move apace within Africa’s telecoms industry. The continent continues to improve its international connections through new cables, grow its smartphone base, reduce its calling and data costs, introduce new legislation and regulations, merge landline and cellular companies, introduce new mobile-based technologies and services, and more. Here are a few of the most recent development in African telecoms…
Rwanda is steadily shedding its association with genocide and replacing it with one of progress, stability and liveability. Its capital city is at the heart of this transformation. What makes Kigali rank among the continent’s most liveable cities? We consider some of the top reasons for the city’s growing acclaim …
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.
The relationship between China and Africa as a whole is already very strong, with China being Africa’s largest trading partner, and in turn, Africa featuring as China’s largest import source.
A main cause of economic reform is the establishment of the Rwandan Stock Exchange, and according to financial expert Marc Holtzman, the exchange could mean the uplifting of the entire area.
Rwanda’s economy is expected to perform better this year compared to 2013. According to government, IMF and World Bank projections, the local economy is going to grow by between 7.2% and 7.5%. However, are projections feasible considering that last year the economy grew lower than expected?
Fraud by collusion is increasing in the country, threatening businesses most especially in the banking sector, John Ndunyu, the KPMG country director, has said. “While cyber crime is not common in Rwanda, we are seeing increased tendency of fraud by collusion, especially in the banking industry,” Ndunyu said during the launch of firm’s 2013 fraud report in Kigali.
In 2013, KPMG Africa Lunch with our Leader – a weekly LinkedIn discussion group creating an opportunity for you to engage in meaningful discussion with our leadership – featured one of KPMG Africa’s finest, with 20 years of experience: Sheel Gill, Director of KPMG Kenya.
Africa Brief: Nigerian bourse targets 500 IPOs, Sage Africa Expands with office in Nigeria and more …
An Investment announced by the Renault-Nissan alliance and west African conglomerate Stallion Group to jointly launch vehicle assembly in Nigeria is not something the South African government fears but welcomes, according to Trade and Industry Minister Rob Davies.
It is now more evident than ever before that sustainable development can only take place within the context of a robust private sector equipped to drive growth. A healthy private sector and business-enabling environment helps attract investors, create employment, generate wealth and ultimately reduce poverty.
The level of interest by African banks in anti-money laundering (AML) has risen drastically, according to the 2012 KPMG Africa Anti-Money Laundering Survey. The survey revealed that 66% of the main board of directors have prioritised AML issues, as banks work to comply with stricter global regulations.
Not so long ago, for luxury goods retailers the African market boiled down to a tiny elite, in some cases just a corrupt ruling clique. Not anymore. Although millions of Africans remain stuck in crushing poverty, disposable incomes are on the up. Luxury firms like LVMH, which makes Moet and Hennessy luxury drinks as well as Louis Vuitton handbags, are targeting the burgeoning ranks of what South African retailers call “black diamonds “, or affluent African professionals.
Africa Brief: Africa experiencing surge in sovereign funds, Zambia, Ghana, Rwanda seals 4G internet deal and more
Africa is experiencing the strongest growth in new sovereign wealth funds in the world as its nations are amassing commodity revenues and foreign-exchange reserves, JP Morgan Asset Management said yesterday. During the past two years, 15 state funds have been set up or are being considered in Africa, the group’s global head of sovereigns Patrick Thomson said.
The World Bank’s Vice President, Makhtar Diop, has called for faster progress in areas such as electricity and food in the vulnerable areas of The Sahel and the Horn of Africa, and says that significantly more energy and agricultural productivity are needed to raise the quality of life …
The IMF’s World Economic Outlook 2013 and the World Bank’s latest “Africa’s Pulse” (a twice-yearly analysis of the issues shaping Africa’s economic prospects) provide the following insights on African economic performance and the outlook for 2014 …
In this edition of Invest Africa the focus is on the opportunities and challenges that continue to plague the East African country of Rwanda as it tries to rebuild its image with the global economy.
There has been an increased interest in Rwanda as an investment destination – the country is one of Africa’s fastest growing economies. Its GDP growth is mainly due to an improved harvest, rising exports and increased credit extensions. Overall, the country is expected to maintain a very positive growth rate.
Altech sold its money-losing East African businesses to Liquid Telecommunications for 8.6% of the shares in Liquid Telecommunications. Altech’s loss incurred in the year ended February 2012 was as a result of impairments on its East and West African businesses. Altech thought the East African businesses would benefit from being a part of Liquid’s larger more specialised network. This network will provided efficiencies and interconnectivity between different African countries not achieved in the past. Altech is planning on purchasing $16.5 million more worth of shares in Liquid Telecommunications.
This is a summary of the African countries which, in our opinion, are notable for some aspect of their healthcare systems, whether it be rapid uptake of health insurance, high levels of total expenditure or innovative governance in the public sector…
Botswana: A relatively wealthy country, Botswana is one of the four countries in Africa which complied with the Abuja commitment in 2010 by spending more than 15% of its budget on health. Botswana is also notable for the health profile of its private healthcare spending: only 30% of private health expenditure was out-of-pocket, which is good news for health outcomes although the high HIV prevalence rate still holds life expectancy down.
The 2012 Africa Tax Academy took place in Nairobi, Kenya, from 9 to 11 July 2012, followed by a client breakfast with presentations by KPMG professionals from different jurisdictions on 12 July 2012.
Approximately 80 delegates attended the conference from countries such as Kenya, Nigeria, South Africa, Uganda, Rwanda, Sierra Leone, DRC, Malawi, Zambia, Botswana, Ghana, Tanzania, but also from Germany and Switzerland.