PwC boosts investment to speed up growth opportunities in Africa




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As trade activities between the UK and African region continues o grow, PwC has announced it is increasing its investment in Africa and building closer links between PwC UK and PwC Africa, to meet increased demand for professional .
 
The investment is part of PwC’s ongoing strategy to develop high potential markets, and follows the UK firm’s investment in Central and Eastern Europe.
 
Speaking about the new investment, Ian Powell, UK Chairman and Senior Partner, said; “This is an exciting which enhances ability to serve clients across the fastest growing region in the world. Africa has an abundance of natural and seven of the world’s fastest growing economies meaning the opportunities for UK businesses are significant.”
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Suresh Kana, PwC Africa Network Territory Senior Partner, said; “This is great news for network. Over the years we have built PwC into the leading network in Africa. We now see huge opportunities to build capabilities further as we will be able to invest even faster in key industry sectors such as Capital Projects & Infrastructure, & Gas, Government & Sector and Financial . We have great teams in Africa and this investment will help us build more local capacity, and create teaming and secondment opportunities.”
As part of the investment, Paul Cleal, PwC UK partner and chair of its Africa Business Group, will be seconded to the African Leadership team and based the continent.
PwC teams from the UK and Africa have a strong track record of working together to support businesses, governments and NGOs in nations such as Ghana, Kenya, Nigeria, Rwanda and Zambia expertise in fields such as economic , climate change, education, infrastructure, natural , and power and utilities.
The UK is renowned for the strength of its business and professional sector and this deal is a demonstration of how the can play to its strengths the global stage. This commitment not only benefits clients and the PwC network, but is also good for the UK and African economies.
Professional and business support services is one of the most sectors in the UK economy, contributing 12percent of total UK GDP – more financial services (8.5percent) or manufacturing (10percent). The sector has grown by nearly 6percen a year since Q3 2009 and has been one of the biggest job-creating sectors in the UK economy as well as a major contributor to UK exports.
A 2013 report by BIS – ‘Growth is Our Business: A Strategy for Professional and Business Services (PBS)’ – recognised the contribution of the professional and business services sector to the UK economy, and highlighted the opportunities in developing markets. Other business services contribute 29percent of total services exports and totaled £58.6 billion in 2013, a trade surplus of £29.3 billion. [eap_ad_4]