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Deloitte focuses on Africa expansion

Africa Global Funds
Sept. 9, 2016, midnight
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Africa remains a high priority for Deloitte and is one of 11 priority markets in the world, according to Lwazi Bam, Deloitte Africa CEO.

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Africa remains a high priority for Deloitte and is one of 11 priority markets in the world, according to Lwazi Bam, Deloitte Africa CEO.

Bam said that Deloitte Global continues to invest in the growth and expansion of Deloitte Africa, which provides expertise across a range of audit, financial consulting, risk advisory and taxation services throughout the African continent.

“This has enabled us to develop and introduce new and innovative solutions to the market. We realize businesses in Africa operate in increasingly challenging environments and so we will continue to ensure they receive high quality advice as they enter, or expand here,” he said.

Deloitte has recently announced record global revenue of $36.8bn for the fiscal year ended May 31, 2016.

"We want our business to have a meaningful impact in the regions in which we operate. These global results indicate our strategy of aligning our high quality of services with the specific needs of clients in regions like Africa is bearing fruit,” he said.

All Deloitte’s advisory businesses posted double-digit growth globally.

Risk Advisory grew the most at 22.5%, driven by high demand for cyber and regulatory services.

Consulting grew at 10.8%, fuelled by increasing demand for integrated services supporting large-scale digital transformation, systems implementation, human resources and strategy projects.

Deloitte Tax & Legal grew at 10.0% in FY2016, the highest growth since FY2008, boosted in part by the sixth consecutive year of double-digit growth in Deloitte Legal.

Bam said businesses in Africa, like those in the rest of the world, are seeking the kind of expertise that Deloitte has to help them manage and benefit from technology-driven change and disruption.

“Deloitte will continue to make strategic investments across its five businesses to enhance its industry-leading capabilities in areas such as audit analytics and audit artificial intelligence, cyber, M&A, analytics, crowdsourcing, cloud computing, digital, and Internet of Things,” he said.

Beyond technology, Deloitte is investing in unique, powerful alliances with large, established organizations as well as emerging growth companies.

“As a result, Deloitte is helping companies across the continent create customized digital solutions that help clients manage disruption, accelerate transformation, and develop new models for business growth,” said Bam.

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