Tag Archives | urbanisation
The banking sectors of a number of sub-Saharan Africa (SSA) countries have exhibited significant growth […]
Tshidi Mokgabudi, chairperson, WomenCorporateDirectors and Nancy Calderon, Co-Author of Women on Board gives a clearer […]
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 […]
Africa is home to more than one billion people, presenting a massive potential consumer market. Moreover, population growth remains rapid, so much so that the UN forecasts the continent’s population will surpass the 1.5 billion mark by 2030 and the two billion mark 15 years later.
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.
Ghana continues to experience impressive and sustained growth across a number of sectors, and for this reason the country appears on our list of key economies in Africa. It is important to note that the country registered one of the highest economic growth rates in the world in 2011.
Ethiopia is one of the most promising regions in Africa for retail development over the next two decades, in our opinion. Ethiopia’s promise can be attributed to the combination of its large population size and good prospects for economic growth.
Africa Brief: ‘Good gains’ in Botswana property investment, Zimbabwe economic activity, growth in Africa and more
In this Africa Brief: Direct investment property in Botswana produced total returns of 17.9% last year, beating returns on South African fixed investment property, which delivered a 15.2% total return last year. Economic experts and business executives in Zimbabwe are expecting a further slowdown in economic activity in Zimbabwe after weekend election results…
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.
It has been noted that cities are key to connecting countries to the increasingly globalized world – in many instances cities serve as both economic and creative hubs. In Africa, we are seeing a trend of rapid-urbanisation, with many Africans seeking a better future and prospect in the developed cities of the continent. As a result, these cities are facing ever-increasing challenges. These challenges include service delivery and the massive infrastructure deficit.
Governments, hospitals and medical service providers across Africa are grappling with the challenge of providing low cost, efficient and effective healthcare to the continent’s increasing urbanised population. At the KPMG Healthcare Conference 2013, 60 of the top global leaders from the healthcare industry will convene to discuss how healthcare business models can deliver high quality care at low cost.
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
With a population of one billion and an economy likely to double in size from US$2 trillion to US$4 trillion before 2025, Africa has quickly emerged as the next economic driver for the global economy. While the success of Africa’s rise is well-founded, a far more granular approach to grasping the nuances and realising the opportunities is essential. This goes beyond country-by-country assessments. A deeper assessment of this economic energy and growth reveals that it will be largely driven by Africa’s emerging cities. The nature of the business environment in Africa will increasingly demand a far more city-oriented investment approach.
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.
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.
Mega Cities Africa Conference and Expo – the most attractive forward thinking investment and future-focused urban planning event, is officially sold out due to a profound demand for participation and attendance!
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.
The emergence of African cities is the highest form of social organisation, often associated with advancing human development with cities incorporating economic, cultural and political factors. For instance Lagos in Nigeria has boomed from 300 000 inhabitants in 1960 to over 17 million today and Johannesburg is the largest city which boasts some of the richest mineral deposits the world has ever seen …
Two of the goals as set out in the National Development Plan (NDP) are the transformation of urban and rural spaces in South Africa and investment into a strong network of economic infrastructure designed to support medium to long-term objectives.
It is projected that by 2016, over 500 million Africans will live in urban centres, and the number of cities with more than 1 million people is expected to reach 65, compared to 52 in 2011. This is already on par with Europe and higher than India and North America. With 40 percent of its population living in cities, Africa is more urbanized than India (30 percent) and nearly as urbanized as China (45 percent).
By 2030 Africa will have 760 million urban residents. By 2050 the figure is expected to grow to 1.2 billion. This rapid migration has intensified the need to develop Africa’s megacities, and infrastructure has become one of the key strategic priorities amongst senior leaders throughout Africa.
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?
The attractiveness of Africa as an investment destination has been positively impacted by a number of developments in the regulatory environment in African countries …