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AFC-BCG Analysis Reveals Best Practices for Africa Infrastructure Investment

The AFC-BCG Report focuses on the climate for infrastructure investment in Sub-Saharan Africa. The key chapters of the report cover the logistical, financial, and sociopolitical challenges of infrastructure investment in the region; key considerations and strategies for governments to take into account in pursuing such investments; and corresponding considerations and strategies for private investors to weigh in doing the same. 

Read more – AFC

Digital IQ for African companies track global averages, but South Africa is at risk of falling behind: PwC report

African companies match their global peers in many measures of Digital IQ. However, South African companies stand at risk, with less than half (47%) rating their organization’s IQ over 70%. Business-model innovation and technology platform integration are considered the top digital initiatives for African organisations over the next three years. 

Read more – Africa Business Communities

Middle East market continues to represent a big opportunity for luxury brands: Deloitte Report

Emerging consumers markets continue to drive luxury market growth. In China, Russia and the United Arab Emirates, markets that we have categorized as emerging luxury markets, the percentage of consumers claiming to have increased their spending in the last 5 years was 70%, compared to 53% in the more mature markets (EU, US and Japan), according to the fourth annual Global Powers of Luxury Goods report issued by Deloitte Global.

Read more – Deloitte

Alvarez & Marsal releases second UAE Banking Pulse report analyzing banking sector data for Q1 2017

Alvarez & Marsal (A&M) released its second UAE Banking Pulse, which compares the quarterly data of the 11 largest listed UAE banks in the first quarter of 2017 against the last quarter of 2016, as well as identifying prevailing trends throughout the intervening period. A&M’s UAE Banking Pulse report uses independently-sourced published market data and 17 different metrics to assess the key performance areas including size, liquidity, revenue, operating efficiency, risk, profitability and capital.

Read More - Zawya

Booz Allen Hamilton highlights the need for secure IoT alongside traditional IT in Oman

The Internet of Things (IoT) continues to gain a strong footing in the GCC across different sectors ranging from manufacturing and transportation to energy. Oman has been the target of over 16,000 cyberattacks this year and Kaspersky Labs found that 23% of Internet users in Oman are affected by online threats. 

Read more – Muscat Daily

UAE ranks top in satisfaction for online govt services, BCG survey

The UAE has the 2nd highest net perception of service improvement over the past two years globally and ranks first in terms of the highest levels of satisfaction for services in comparison to the private sector, a BCG report said. 

Read more – Trade Arabia

AT Kearney initiative for energy transition insights

“UAE, Saudi Arabia and Kuwait offer large opportunities for the advancement of sustainable energy projects,” noted Kurt Oswald, lead partner of the A T Kearney Utilities Practice in the Middle East and board member of the A T Kearney Energy Transition Institute. The UAE has taken huge strides and made significant investments to achieve an increase of clean energy to 24% of the total energy mix by 2021. According to the UAE government’s clean energy strategy, the energy mix will include clean coal, gas, nuclear energy, solar and wind power and biofuels.

Read more – Trade Arabia

GCC banks remain resilient despite tough liquidity challenges, says KPMG

Gulf Cooperation Council (GCC) banks achieved a 6.5 per cent growth in assets in 2016, driven by increased lending to government and related entities. The KPMG report said banks in the region have been resilient despite margin pressures, increased impairment charges and higher funding costs. Even though considerable challenges are expected to prevail in the coming months, the overall long-term outlook for the GCC banking sector remains relatively positive.

Read more – Times of Oman

Saudi Arabia ranks highest in perception of E-government services improvement: BCG Survey

Saudi Arabia ranks top on the highest net perception of service improvement over the past two years globally and ranks third in terms of the highest level of frequency in e-government usage, with 32.6% more Saudi citizens using these services more often weekly use of online government services has increased by 30% since 2014. The most accessed and satisfactory e-government services include job search, ID card application and information access; conversely, the least accessed are related to housing, obtaining government benefits and subsidies.

Read more – Saudi Gazette

PwC Namibia Tax Academy turns 10

PwC Namibia recently celebrated the 10th anniversary of the PwC tax academy programme. Launched in 2007, the PwC tax academy is an internship programme to train tax professionals. This academy is the first of its kind in Namibia, and reaffirms our commitment to Vision 2030, and the development of local tax professionals. The firm currently has seven candidates enrolled. Since 2007, 18 candidates have completed their training. Tax academy participants to date include 95% previously disadvantaged Namibians.

Read more - The Namibian

South Africa's Alexander Forbes appoints ex-KPMG chief as chairman

South African financial services firm Alexander Forbes Group said its chairman Sello Moloko will retire in August and appointed Moses Kgosana, a non-executive director of the company and a former CEO of KPMG South Africa, as his successor. Moloko will step down at the end of August after holding the position for nearly 10 years, during which he saw the company through the 2008/09 global financial crisis and its re-listing on the Johannesburg Stock Exchange in 2014.

Read more – Reuters

Bahrain: KPMG acquires fintech platform

KPMG International has announced the acquisition of Matchi, a global fintech innovation and matchmaking platform that connects financial institutions, including banks and insurance companies, with fintech companies worldwide. The Matchi platform includes more than 700 curated fintech solutions and a database of more than 2,500 fintech companies that financial institutions can work with to apply innovative fintech capabilities to solving their business problems and pursuing new market opportunities.

Read more – News of Bahrain

Nigeria: Ikeja Eletric, Deloitte launch whistle blowing platform for electricity theft amongst others

In Nigeria, Power Distribution Company, Ikeja Electric Plc has launched with Deloitte a whistle blowing platform to allow customers report theft and other illegal activities across its network. Through this platform, clients can confidently report issues such as fraud, bribery, energy theft through illegal connections, amongst others. This will be done anonymously using multiple channels including email, a toll free hotline, amongst others. This platform is one of the many measures put in place to promote transparency and accountability, according to the company’s Head of Corporate Communications, Felix Ofulue.

Read more – Ecofin Agency

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