Asserting that Africa presents “significant” opportunities for investment managers in Africa, focused on the traditional or alternative sectors, professional services firm KPMG South Africa has launched an inaugural fund management tool for investment funds looking to invest into the continent.
The KPMG Africa Funds and Fund Management Survey, released on Monday, was compiled using responses from participating African countries, which were required to answer questions relating to accounting, regulatory and tax issues within their borders.
KPMG Financial Services MD Gary Pickering said, while only 11 African countries participated in this survey, the firm believed that it had sufficient representation from North, West, East, Central and Southern Africa.
“The survey is designed to be a useful resource for investment managers focused on harnessing investment opportunities across the African continent and, on future editions of this survey, we aim to attract greater participation,” he commented.
Conducted between August and October, the survey posed country-specific questions to representatives in Botswana, Ghana, Kenya, Mauritius, Morocco, Namibia, Nigeria, Tanzania, Uganda, Zimbabwe and South Africa.
The findings were available online for perusal, country by country, providing what KPMG described as “accurate and relevant” information on the investment management sector.
The Africa survey followed the same format as the KPMG International Funds and Fund Management Survey, which was launched ahead of the African edition.