Tag Archives | sub-Saharan Africa

Africa Brief

Africa Brief: Local food firms eye expansion in rest of Africa, Zimbabwe to start joint ENRC mine and more…






Nigerian President Goodluck Jonathan’s political troubles are increasing pressure on the central bank of Africa’s second-largest economy to devalue its currency, risking higher prices on all goods from food to oil.

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The long- and short-term impact of Ebola on African healthcare

Technology to drive better resource management in Africa











Technology is playing an increasingly important role in natural resource management, from streamlining to reporting processes. One example can be found in Kenya’s Ngong’ hills, just outside the capital Nairobi. Here, the misty clouds provide dew that helps the grass to grow which in turn feeds the Maasai tribal community’s animals.

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African demographics are a boon for retail industry

Renewable Energy – Africa Joins the Fray











When it comes to global greenhouse gas emissions, Africa’s current contribution is relatively small but, as the continent continues to expand economically, this will increase as will the demand for greater power. Cultivating long-term renewable energy projects is therefore crucial to long-term sustainable development across the continent.

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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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FDI favouring consumer-facing industry

Africa Brief: Egypt buys less local wheat than last year, Mugabe expected to stay on, mobile data and more











Egypt has bought 3.675 million tons of wheat from local farmers so far this season and will continue to buy from them until 30 July 2013; the state news agency yesterday quoted the country’s main state wheat buyer as saying. “The total amount of local wheat supplied till now is 3.675 tons, 41000 tons less than the same period last year,” state news agency Mena quoted Mamdouh Abdel Fattah, the vice-chairperson of the General Authority for Supply Commodities, as saying.

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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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Transport dynamics in Sub-Saharan Africa











As supply chains are becoming more global and complex, logistics, especially the transport functions are equally becoming convoluted. In developing countries logistics is one of the biggest contributors to a nation’s GDP (in South Africa – 12.7%). Accordingly its management is vital for a growing economy.

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African economic prospects: Where to from here?











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 …

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Resource corridors, infrastructure development and private investment











Based on the principles of the Spatial Development Initiative (SDI) conceived by the South African government in 1995, resource corridors in Africa are areas in which opportunities (mainly resource-based anchor projects and associated infrastructure) have been identified that can be realised through investments to achieve sustainable development, particularly development brought in other sectors through access to the resource infrastructure.

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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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Economic Outlook: Africa











Over the past quarter, we have downwardly revised our forecast for the real GDP expansion of sub-Saharan Africa in 2013, 2014 and 2015. But to be clear, the overall trend is still positive, with real GDP growth increasing every year up to 2015, after which we expect the growth figure to remain at the same level in 2016.

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Africa: reducing trade barriers and growing the economy











One challenge is the lack of a coherent regional approach to managing and harnessing partnership agreements and reducing inter-Africa trade barriers, which could improve the competitiveness of the countries within Africa and drive foreign direct investment …

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Investing in Africa: Part One











Sub-Saharan Africa is expecting a 5% annual growth rate in 2012-2013, and World Bank data show that almost half of Africa’s countries have reached middle-income status. As this growth trend continues, the continent is a potentially attractive destination for domestic and foreign private capital, including private equity investments, which will further boost growth rates.

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Energy access in Africa











Sustainable energy products and services have the potential to improve the lives and productivity of millions of rural households and businesses across sub-Saharan Africa that have no energy access. Private investment will be necessary to develop this market …

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Africa as an investment destination











The attractiveness of Africa as an investment destination has been positively impacted by a number of developments in the regulatory environment in African countries …

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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.

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Africa Brief: Nigerian oil refinery, Pfizer baby formula, and Kenyan data centre











Africa’s richest man, Aliko Dangote, planned to invest up to $8 billion (R73bn) to build a Nigerian oil refinery with a capacity of about 400,000 barrels a day by late 2016, almost doubling Nigeria’s refining capacity …

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Africa Brief: CAR leader seeks help, CIG reports strong results, Cameroon, Nigeria, Rwanda and more











Consolidated Infrastructure Group (CIG) said yesterday it had delivered strong results for the six months to February, largely due to renewable energy project work and increased spending on electrical infrastructure in Africa. CIG — through its main subsidiary Consolidated Power Projects (Conco) — is the largest turnkey developer and installer of high-voltage electrical substations and overhead cables in sub-Saharan Africa. Mr Gamsu said Conco had performed well over the past six months, securing a healthy 17% increase in its order book to R2.1bn from R1.8bn.

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Africa Brief: Zimbabwe loan, Africa trade & investment, Egypt: IMF loan and more











he standing committee on finance agreed yesterday to ask Finance Minister Pravin Gordhan to appear before it to provide more detail on the R900 million loans reportedly extended to Zimbabwe to assist with its upcoming national election. There are three main issues that urgently need to be clarified: the motivation for the loan, the terms of the repayment and any conditionality attached to it.

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Africa Brief: Kenya’s KCB banks, Burundi, Zimbabwe, World Bank’s Africa growth and more











It took Kenyan lender KCB Group less than a year to break even after opening in tiny Burundi, a country better known for explosive violence than explosive growth. KCB’s success highlights the hunger for financial services that the biggest local banks are turning regional to tap. While there is an average of pretty much one deposit ac¬count for every South African, according to the latest World Bank data that falls to fewer than 220 accounts per thousand people in Burundi, a 2012 survey showed.

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Innovative financing for development in sub-Saharan Africa a must











Official aid (development assistance) alone will not be adequate for funding efforts to accelerate economic growth, poverty alleviation and other Millennium Development Goals (MDGs) in Africa.

Global, regional and national growth all require a blend of many contributing factors, such as a robust private sector, the political will to create an environment conducive to business’s and institutional structures and mechanisms to cater for these markets as well as the social conditions of education, health, water and sanitation, etc. True growth and development encompasses all these in a complex nexus of facilitation and delivery.

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Africa Conversation Series: Investing in Africa: “Been there – done that”











This episode of the Africa Conversation Series focuses on executing strategies across the African continent. Recorded live at the KPMG Africa Partners Conference.

“Been there – done that” highlights discussions with organisations who have expanded into Africa and their experiences in executing their strategies across the continent.

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Ethiopia

Invest Africa: Ethiopia











With a population of close to 82-million, Ethiopia is the second most populous country in sub-Saharan Africa and the most populous land-locked country in the world.

Its capital, Addis Ababa, serves as the headquarters for both the African Union and the United Nations Economic Commission for Africa.

Ethiopia has faced numerous hardships throughout its history. The country has experienced periodic droughts and famines that led to a long civil conflict with Eritrea. Ethiopia is one of Africa’s poorest states with almost two thirds of its people illiterate.

The country is, however, regarded as one of the fastest growing non-oil economies in Africa and is expected to be one of the world’s fastest growing economies by 2012.

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Mining operations

Africa Brief: Investors choose South Africa, Areva mines, and more











South Africa remains the most targeted country for investment in Sub-Saharan Africa. The value of merger and acquisition investments in Sub-Saharan Africa increased by 18% in 2012, even though globally mergers and acquisitions deals decreased by 7%.

Majority of the M & A were in the materials, energy and power sectors. The Royal Bank of Canada and Golddman Sachs made the two largest investments. South Africa was the most active nation in the equity capital markets in 2012.

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Using Nigeria’s oil to diversify the national economy

Africa Brief: Pharmaceutical firms, Malawian donor aid, fuel pipeline and more











Oil bunkering – hacking into pipelines to steal crude then refining it or selling it abroad – has become a major cost to Nigeria’s treasury, which depends on oil for 80% of its earnings. Many local Nigerians would obtain these oils and refine the oil to sell to the local and foreign market to make a living even though they know this is illegal. Nigerians can make $60 (about R523) in a day by oil bunkering.

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Is Nigerian Content Act Indigenising the Oil Industry?

Africa Brief: Growth rate, KFC and Zimplats expansions, sub-Saharan Africa inflows, and more











Excluding South Africa, Sub-Saharan Africa is said to grow at 6.6% this year. When including SA’s 30% weighting in the Sub-Saharan Economy, the growth rate falls to 5.4%. President of the African Bank Donald Kaberuka says the dynamic in Africa is good however, there are risks when you consider the global environment.

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Ethiopia- Investment opportunities and challenges

Ethiopia: Investment opportunities and challenges











This week we travel to to the horn of Africa for a closer look at the investment opportunities and challenges in the East African nation of Ethiopia. With a population of close to 82-million, Ethiopia is the second most populous country in sub-Saharan Africa and the most populous land-locked country in the world.

Its capital, Addis Ababa, serves as the headquarters for both the African Union and the United Nations Economic Commission for Africa. Ethiopia has faced numerous hardships throughout its history.

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