Tag Archives | Tanzania
The latest edition of KPMG’s Evolving Banking Regulation report looks at the Sub-Saharan African (SSA) […]
Let’s talk about Relationship with Africa Chinese investments in Africa has been contentious right from […]
The banking sectors of a number of sub-Saharan Africa (SSA) countries have exhibited significant growth […]
By Seyi Bickersteth, Chairman, KPMG Africa and National Senior Partner of the Nigerian Practice The reality […]
Automotive Manufacturing Plants prepare to expand in Africa While the South African automotive market looks […]
Mining for liquidity in Africa’s stock exchanges Improvements in political and macroeconomic stability, policy certainty […]
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.
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…
Standard Bank-owned asset manager Stanlib has set up operations in Ghana through the acquisition of the Stanbic Investment Management Services division. It is also pursuing an asset management acquisition in Nigeria, which it hopes to close in the first half of 2015.
Things move quickly in Africa’s mobile industry, which includes mobile banking. As mobile banking services gain ever greater traction throughout the continent, the sky seems the limit in terms of what can be done and who can be reached.
In rural communities biogas is offering an increasing degree of help, while the Government looks to geothermal to provide a significant contribution to the national power grid.
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.
There have been numerous gas finds in Mozambique and Tanzania since 2010. In fact, finds in the Rovuma Basin have provided the operators of the gas projects enough incentive to develop LNG facilities in both countries.
The results of an online Africa Geographic Travel Survey released last month show that tourists are squarely in favour of the south and east of the continent.
Three of Tanzania’s telecom giants – Tigo, Zantel and Airtel – have joined forces to provide customers with a pioneering mobile money service.
The implementation of Vision 2025 will allow Tanzania to move up globally to the position of a middle income country – and Tanzania’s HR sector is the key to this transformation.
Last month saw the launch of the Mkoba Private Equity Fund in Dar es Salaam, Tanzania. The fund, with its target size of $300 million, seeks to support SMEs in various African nations, believing this to be an under-resourced sector that is crucial to the continued growth of African economies.
Family businesses present a range of benefits in terms of the potential for a close-knit team, and readily available, if sometimes limited, financial support. While family businesses tend to imply a smaller business, family-run companies can turn into significant economic powerhouses, and launch dynasties.
Branchless banking allows the customer to have access to banking services without being reliant on a brick-and-mortar bank branch. Technological advancements and the adoption of a collaborative approach between banking service providers and technology companies are going to forge a new way of doing banking in emerging markets, where transport, electrical and other infrastructure is often underdeveloped.
We are living in an era of constant change and unprecedented events. No government, business, or society is immune to change. Whether it’s short-term negative shocks such as natural disasters, social instability; or long-term change opportunities and risks, the only certainty is that there are more change pressures than ever before and they affect all of us.
Africa Brief : Indian Bank promotes African Investments, AngloGold to cut Ghana mine jobs in mechanizing efforts and more …
SA is among 15 African economies identified by the Export-Import Bank of India (Exim Bank) as an alluring investment and export destination, says the bank’s executive director David Rasquinha. The bank’s role includes promoting infrastructure development in African countries while facilitating private sector development.
Angola has delayed plans for the start of stock-exchange trading by a year to 2016, with a futures and commodities market in Africa’s second-biggest oil producer set to open a year later. Angola expects its stock exchange to have a market value of 10% of gross domestic product within 18 months of its startup, he said. Angola’s largest banks, which include Banco Angolano de Investimentos and Banco de Poupanca e Credito, as well as cellphone companies Unitel and Movicel Telecomunicacoes, are expected to list on the exchange.
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.
Although Africa’s aviation industry, which supported $67 billion (R662.6bn) in economic activity and 57 million jobs, was small by global standards, its potential to grow was “enormous”, with a billion people spread across 20 percent of the earth’s land mass. International Air Transport Association chief executive Tony Tyler said yesterday.He pointed out that hopes for African unity and integration depended on connectivity provided by air transport. Tyler said international passenger demand continued to grow in April, extending the positive trend that had been developing since late last year.
Whilst Africa is often perceived as a mysterious, underdeveloped continent, it’s quickly becoming one of the most valuable emerging markets for infrastructure. In fact, infrastructure development – in the form of megacities – is one of the key strategic priorities for senior African leaders. What’s driving infrastructure development in Africa?