Ernst & Young (EY) News

Cape Town, South Africa

The African economy: Better than people think

Analysis of headline GDP figures in Africa would presuppose a region going through a period of prolonged stagnation.

African private equity exits hit record high in 2016

African private equity exits hit record high in 2016 (Report): EY & AVCA

The number of exits achieved by PE firms in Africa is trending upwards, evidenced by a record number of exits in 2016.

How private equity investors create value in Africa: EY/AVCA

Private equity activity in Africa at multi-year high (Infographics & Report): EY/AVCA

In EY‘s fourth annual analysis of private equity exits in Africa, it finds that even amidst economic uncertainty, private equity saw strong exit volume in 2015, bringing exits to a nine-year high.

Africa's Private Equity Promise And What It Can Deliver

Africa's Private Equity Promise And What It Can Deliver

The fundamental precept of Private Equity (PE) is to transform a company and improve it, thus allowing it to achieve its full capability by enhancing its operational structure.

Africa's banker of tomorrow

Armed with fintech and fueled by data: Africa's banker of tomorrow

Markets in Shanghai closed up today on news that the Chinese bullet train manufacturer Fujian Corp won the contract to connect Casablanca to Abidjan.

Godwin Emefiele, Governor, Central Bank of Nigeria

Nigerian Banks in Distress? Not Exactly

Nigeria’s economy has spent much of 2016 in recession for the first time in over two decades. Unsurprisingly there has been speculation about the strength of its banking system.

The Carlyle Group Acquires CMC Networks, a Pan-African Network Connectivity Provider

The Carlyle Group Acquires CMC Networks, a Pan-African Network Connectivity Provider

Global Alternative Asset Manager The Carlyle Group announced last week that it has agreed to acquire a majority share of CMC Networks.

Waves of change - Insurance opportunities in Sub-Saharan Africa - 2016

How insurance is transforming a rapidly growing Sub-Saharan Africa: EY (Infographic, Video & Report)

Sub-Saharan Africa is a diverse region that presents risks, challenges and opportunities for the insurance industry. No “one-size-fits-all” approach is likely to succeed across individual markets and countries.

Africa attractiveness program 2016: EY

Africa attractiveness program 2016: EY (Infographics & Reports)

We are at an inflection point in terms of the structural evolution of most African economies. Decisions made and actions taken now will determine, which of these economies consolidate the gains made over the past decade as a platform for sustainable growth in coming decades.

Ajen Sita, CEO, EY Africa

Africa's development within the global economy: Ajen Sita, CEO, EY Africa

While Africa’s 2015 GDP is down 1.2% from 4.6% in 2014, it is still among the fastest growing regions in world.

Michelle Kathryn Essomé, CEO, AVCA

Africa had record levels of private equity exits in 2015: AVCA & EY

African private equity firms cashed in on investments last year at the highest rate in almost a decade, with South Africa, Egypt, Nigeria and Kenya accounting for two-thirds of these exits.

World Trade Center (WTC) Abuja

Nigeria's new World Trade Center poised to send its economy sky high (Photos)

Nigeria‘s capital city of Abuja is about to get a new heart: a brand new World Trade Center complex. The development is expected to open to the public early next year after the completion of the first phase of construction.

Michael Rogers, Global Deputy Private Equity Leader, EY. Credit: privcap.com

Private Equity - The Outlook for Africa and Emerging Markets - Part I (Report): EY & Wharton

In this two-part interview, [email protected] takes a look at the state of play in private equity in Africa and at prospects for emerging markets more generally, based on a conversation with Michael Rogers, EY’s global deputy private equity leader, and Stephen M. Sammut, senior fellow and lecturer at Wharton.

Sub-Saharan Africa Banking Review 2015 - EY - Report

Sub-Saharan Africa Banking Review 2015: EY (Infographic & Report)

This report analyzes three of the largest Sub-Saharan Africa banking markets: South Africa, Nigeria & Kenya. The report also includes Tanzania, Uganda and Rwanda, members of the
East African Community (EAC) regional bloc.

Broadening horizons - How do private equity investors create value - A joint study of private equity exits in Africa by AVCA and EY

How do private equity investors create value in & from Africa? A study of private equity exits in Africa: AVCA & EY (Infographic & Report)

In our inaugural report, we countered popular opinion about PE in Africa to prove that the industry was making excellent progress in exiting its portfolio companies. We also provided evidence of genuine value creation by PE firms in the region through hands-on involvement in the companies they back.

Africa Attractiveness Survey 2015 - Making Choices - EY

Africa Attractiveness Survey 2015 - Making Choices: EY (Report)

Geopolitical tensions and weak economic growth led to a 3.1% decline in greenfield FDI projects worldwide in 2014. FDI projects in Africa fell 8.4%, but remained well above pre-2008 levels. However, capital investment into the continent surged to US$128b, up 136%. And FDI created 188,400 new African jobs, a 68% increase.

Eytan Stibbe, Managing Partner, Vital Capital

Private equity firm Vital Capital plans $500M Africa fund as demand booms

Private equity firm Vital Capital Investments LP is planning a $500 million investment fund that will focus on African industries overlooked by competitors.

Digging deep (AP Photo/Vincent Yu)

In just 5 years, submarine cables have brought a 20-fold increase in bandwidth in Africa (Infographic)

Six years ago, the Sea Cable System (Seacom), the first undersea broadband cable along Africa’s eastern and Southern coastlines, was launched.

Michelle Kathryn Essomé, CEO, African Private Equity and Venture Capital Association (AVCA)

African private equity exits show momentum after 38% increase in 2014

Private equity (PE) exits in Africa reached an eight-year high in 2014, and strong activity should continue as more companies enter the period where an exit becomes increasingly imperative, according to data from EY and the African Private Equity and Venture Capital Association (AVCA).

Addis Ababa, Ethiopia

Ethiopia predicts record $1.5B foreign direct investment in 2015

Foreign direct investment into Ethiopia will reach a record $1.5bn this year, on the back of successful efforts by the fast-growing and populous African country to attract overseas manufacturing companies.

Addis Ababa, Ethiopia

Ethiopia: The Addis millionaire's club

At first glance, Ethiopia would seem like a tough place for business owners to make it big. The strength of the state stands in contrast to the fledgling private sector, where foreign competition is barred in key industries and big sectors are entrusted to state-owned companies.

The Grand Renaissance Dam is under construction on the Blue Nile River in Ethiopia. It is claimed it will generate 6000 MW of energy when completed

The Grand Ethiopian Renaissance Dam: The $5B project that could turn Ethiopia into Africa's water powerhouse

It’s called the Grand Renaissance Dam — and the clue is in the name. With some 8,500 laborers working around the clock on its construction, the imposingly-named dam is surely one of Africa’s most ambitious infrastructure projects.

Royal Gardens Mall, Lekki, Lagos, Nigeria

Five private equity funds targeting real estate investments in Nigeria (Photos)

Africa focused Private Equity (PE) has developed impressively over the last two decades, in terms of volume, quality of transactions, and performance.

Africa, the next frontier in financial investing

Africa, the next frontier in financial investing: Homestrings

Helping businesses back home is a compelling case for investing in frontier markets, the term given to Africa as a pre-emerging economy.

Private Equity in Africa: The Promise and the Challenge

Private Equity in Africa: The Promise and the Challenge

Established African firms and new entrants, small and large, are raising a substantial amount of capital for private investments in Africa.

Mulk Holdings

UAE's Mulk Holdings invests $40M in Nigerian shopping center

UAE-based conglomerate Mulk Holdings announced that it is investing up to $40 million in developing a duty free shopping centre in Lagos, Nigeria.

Adiba Ighodaro, Partner, Actis

African Women to Watch: Private Equity (Video)

Private equity (PE) deals in Africa totalled $4B in 2013, almost quadruple the 2012 deal total, according to research from Preqin and Private Equity Africa.

Africa 2030 - Realizing the possibilities - Ernst & Young (EY)

Africa 2030 - Realizing the possibilities: Ernst & Young (EY) (Report)

Over the past few years a new African narrative has emerged. But, despite the clear evidence of sustained progress, there are many who remain sceptical about Africa.

Africa Business Jumpstart

Four reasons why operating in Nigeria can boost your success rate in Africa: Harnet Bokrezion, Founder & CEO, Africa Business Jumpstart

Nigeria. What is coming to your mind thinking of Africa’s most populated country?

Emerging Capital Partners (ECP) Private Equity

Private equity is Africa's best-kept investment secret: Hurley Doddy & Vincent Le Guennou Co-CEOs of Emerging Capital Partners (ECP) Private Equity

Africa is ripe for investment, a fact that is being acted upon by Abu Dhabi companies with increasing regularity.

Nigerian Real Estate

High stakes for high reward? Real estate funds come to Africa

High stakes for high return, if you can stick it out for the long term – investors are buying into a boom in sub-Saharan African real estate.

EY's Africa Attractiveness Survey 2014 - Executing Growth

Africa Attractiveness Survey 2014 - Executing Growth: EY (Report)

In 2013, Africa’s share of global FDI projects reached 5.7%, its highest level in a decade. The number of new FDI projects in sub-Saharan Africa (SSA) increased by 4.7%.

Johannesburg Stock Exchange (JSE)

African IPO fund-raising in first half of 2014 surpasses all of 2013

Capital raised through IPO activity on African stock exchanges in 2014 has now surpassed the total raised during the whole of 2013.