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KPMG to invest N16bn in Africa’s development

BY CHINEDU IBEABUCHI

Consultancy firm, KPMG, said it would spend N15.5 billion ($100m) in Africa’s emerging market within the next few years.

It said this will be accomplished through providing its expertise in rendering value added services to government and investors in telecoms, infrastructure, healthcare, financial services, energy and natural resources, integrated reporting, among others.

KPMG said that Africa has a big investment potentials, making it China’s biggest foreign investment destination, as Africa is home to nearly one-third of the world’s mineral reserves,  and has a collective GDP which stands at $1.6 trillion. It therefore anticipates the potential impact of trends and change to tap into Africa’s plentiful resources and infrastructural development.

Unveiling the company’s new tagline, cutting through complexity, Moses Kgosana, Chairman and Senior Partner KPMG Africa said it is in line with delivering clear solutions to its clients and stakeholders value.

“Our strategy is to invest in the biggest opportunities, globally and regionally, and we are adapting our organization to better serve our clients. In essence, this is all about harnessing the global firm and enabling change. We recgonise that Africa is a continent whose time has come – which is exciting. Our local strategy, fully aligned with KPMG globally, aims to benefit from the very positive moves happening across Africa.

“We pride ourselves on our outstanding professionals across every facet of our business- people with a proven ability to work together to deliver value. The KPMG way embedded our values which still guide our conduct with each other, and with our clients and communities. These, together with our relentless drive for transformation with opportunity for everybody, underpin all of our thoughts and actions.”


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