KPMG Launches Definitive Fund Management Tool for Africa
12 November 2013 | Investments | General | KPMG
There are several reasons to be optimistic about Africa. According to a World Bank report, Sub-Saharan Africa’s annual Gross Domestic Product (GDP) growth is expected to reach 5.6 percent by the end of 2013 and perhaps 6 percent in 2014.
This presents significant opportunities for investment managers in Africa who focus on the traditional or alternative sectors. In light of this, KPMG in South Africa identified a need to produce a reference tool for those who market investment funds around the world, with a specific focus on Africa. This resulted in the inaugural KPMG Africa Funds and Fund Management Survey.
Gary Pickering, KPMG Managing Partner, Financial Services says, "The survey is designed to be a useful resource for investment managers focused on harnessing investment opportunities across the African continent.”
Conducted between August 2013 and October 2013, the survey asked country-specific questions relating to accounting, regulatory and tax issues in Botswana, Ghana, Kenya, Mauritius, Morocco, Namibia, Nigeria, Tanzania, Uganda, Zimbabwe and South Africa. The findings are available online for perusal, country by country, providing both accurate and relevant information on the investment management sector.
The Africa survey, which was launched yesterday, follows the same format as the KPMG International Funds and Fund Management Survey which was launched ahead of the African edition. Tom Brown, KPMG’s Global Head of Investment Management shared a global perspective on the fund management landscape.
To view the full survey, please click here. (PDF file)
