KPMG News

Abraaj Group to buy African coffee chain Java House

Abraaj Group to buy African coffee chain Java House

Abraaj Group, an emerging markets focused fund group, has agreed to buy African coffee chain Java House from private equity rival Emerging Capital Partners and Kevin Ashley, the Nairobi-based company’s executive chairman.

Edwin Dande, Managing Partner & CEO, Cytonn Investments

Meet the Kenyan entrepreneur who built an $800 million asset management firm

Kenyan-born Edwin Dande is the Founder of Cytonn Investments, an alternative investment management and real estate company, with offices in Nairobi and the DC Metro area.

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.

Bryan Leith, COO, KPMG Africa

Africa's Economic Prospects: Bryan Leith, ‎COO, KPMG Africa

While on a road show for US clients, Bryan Leith, chief operating officer of KPMG’s global Africa practice, sat down with Global Finance to discuss the continent’s economic prospects.

Julius Kipng'etich, CEO, Uchumi Supermarkets

Uchumi Supermarkets of Kenya mulls expansion in Nigeria, Ethiopia & the DRC

Uchumi Supermarkets Ltd., Kenya’s only publicly traded retail chain, is considering starting operations in Nigeria, Ethiopia and the Democratic Republic of Congo after reorganizing its East African operations, Chief Executive Officer Julius Kipng’etich said.

Luxury Goods in Africa - A Maturing Sector

Luxury Goods in Africa - A Maturing Sector (Report): KPMG

There has been a noticeable improvement in economic growth in Africa since the turn of the century, driven by an improvement in the business environment and investment climate, and a decrease in aggregate political risk.

Banking in Sub-Saharan Africa 2015 - KMPG - Report

Banking in Sub-Saharan Africa 2015: KMPG (Report)

The banking sectors of a number of sub-Saharan Africa (SSA) countries have exhibited significant growth in recent years. The key contributing factors have been increased economic activity and improved regulatory oversight.

Oluwatomi Ayodele Somefun, Managing Director, Unity Bank

Ayodele Somefun appointed Managing Director of Nigeria's Unity Bank

Nigeria’s Unity Bank has appointed Mrs. Oluwatomi Ayodele Somefun as the bank’s Managing Director, effective August 11th, 2015.

Africa50 has held its first constitutive General Assembly this Wednesday 29 July 2015 in Casablanca

Africa50 Infrastructure Fund raises $830M in first closing

Africa50 has held its first constitutive General Assembly this Wednesday 29 July 2015 in Casablanca Africa50, the new and innovative infrastructure investment…

Sheel Gill, Head of Transactions and Restructuring, KPMG Kenya

Unpacking private equity in East Africa with KPMG Kenya's Head of Restructuring and Transactions, Sheel Gill

East Africa’s share of private equity transactions on the continent has been rising steadily over the past few years.

The role of cities in Africa's rise - KPMG

The role of cities in Africa's rise: KPMG (Infographics & Report)

New dynamic markets around the globe are offering boundless opportunities. Firms are gravitating towards new markets in the south and the east, where the inflow of foreign direct investment (FDI) are resulting in returns on investment (ROI) far exceeding those of mature markets in Europe and North America.

The Kenyan Flag: Kenya leads East Africa peers in private equity inflows, according to KPMG-EAVCA report.

Kenya has been #1 destination in East Africa for private equity investments over past seven years

Kenya continued its dominance in the region’s private equity industry with the country accounting for more than 60 per cent of private equity deals recorded in the East African region.

Bisi Lamikanra, Partner & Head of Management Consulting, KPMG Nigeria

How the finance sector can drive Africa's economic growth: Bisi Lamikanra, Partner, KPMG Nigeria

The rise of Africa’s financial services sector in recent years has been remarkable.

9 mega-trends shaping the future of Africa: Seyi Bickersteth, Chairman, KPMG Africa

9 mega-trends shaping the future of Africa: Seyi Bickersteth, Chairman, KPMG Africa

In August 1963 Martin Luther King Jr delivered his famous “I Have a Dream” speech during the March on Washington. And when King said, “I have a dream that one day this nation will rise up and live out the true meaning of its creed: We hold these truths to be self-evident; that all men are created equal”, it was a turning point in American history.

Dapo Okubadejo, Partner & Africa Head, Deal Advisory & Private Equity, KPMG

Consumer demand will drive the next wave of private equity investments in Africa, says KPMG Partner Dapo Okubadejo

Though Africa has been described as the last frontier market for natural and mineral resources, market trends indicate that it is in fact meeting current needs of the 1 billion plus population and, the future demands of the rapidly emerging middle class consumers, that will drive the next wave of private equity investment on the continent.

Seyi Owodunni, MD, Emerging Capital Partners Nigeria

Private equity firm Emerging Capital Partners names Seyi Owodunni as Nigeria MD

Private equity firm Emerging Capital Partners (ECP) said it appointed Seyi Owodunni as Managing Director of its Nigeria office. Owodunni will be based in Lagos and work with the local team to source and secure investment opportunities.

Listing in Africa - Extractive Industries - KPMG

Listing on African Stock Exchanges - Extractive Industries: KPMG (Report)

The recent lack of growth in the developed markets coupled with perceived improvements in political and macroeconomic stability, policy certainty, and legal systems in many African countries, as well as Africa’s growing middle class and rise in consumption is leading to increasing interest by foreign companies and institutions in Africa as an investment destination.

Konza Techno City (Illustration)

Here are seven of Africa's largest infrastructure projects currently under construction (Photos)

Photos of seven of Africa’s largest infrastructure projects currently under construction.

How To Get Private Equity Exits in Africa Right

How To Get Private Equity Exits in Africa Right

Private equity (PE) as an asset class has received reasonable prominence in Africa in recent times.

The truths and fictions of the "Africa Rising" story

The truths and fictions of the "Africa Rising" story: KPMG Africa

The truth about Africa Rising is that it is real. The economy is growing and potential for huge and sustained growth is enormous.

Africa Arisen - The Blue Sky Continent 2014 - KPMG

Africa Arisen: The Blue Sky Continent 2014 - KPMG (Report)

This report presents thought-leadership, opinions, and predictions from Senior Partners attached to KPMG offices throughout Africa.

The Dubai International Financial Centre (DIFC)

For UAE sovereign wealth funds, it's time for Africa

UAE-based sovereign wealth funds (SWFs) are seeing increasing opportunities in African countries and some of the leading emerging markets of the world demonstrating a shift in the focus of their asset allocations.

Benin's President Thomas Boni Yayi (L) speaks to French industrialist Vincent Bollore at a ceremony marking the beginning of construction on a railway that will connect Togo, Benin, and Niger, in Cotonou, April 8, 2014.

Three key themes for the future of investment in Africa: Anthony Thunstrom, Chief Operating Officer, Global Africa Practice, KPMG

As recently as two years ago, a typical conversation with a multi-national company wanting to invest in Africa would be peppered with questions around corruption, political stability and sustainability – all reflecting a weight of negative stereotypes that we seemed unable to shake off.

Students attend class at the Technical College of Bangui. March 12, 2014

Seven reasons to be optimistic about Africa: Lord Michael Hastings of Scarisbrick, Global Head, Corporate Citizenship, KPMG International

When I meet young Africans who have graduated from overseas universities, I’m struck by their excitement for Africa.