PricewaterhouseCoopers LLP (PwC)
Source: PricewaterhouseCoopers LLP (PwC) |

African capital market activity declines further in 2019

The general slowdown in equity markets was largely driven by a series of macroeconomic factors including an equity capital market (ECM) deceleration in global markets

Overall, African equity capital market (ECM) activity in 2019 declined sharply both in volume and value from 2018, with 2019 posting the lowest proceeds raised in ten years. The general slowdown in equity markets was largely driven by a series of macroeconomic factors including an ECM deceleration in global markets,…

PricewaterhouseCoopers LLP (PwC)
Source: PricewaterhouseCoopers LLP (PwC) |

Africa’s oil & gas industry poised for further growth in the wake of new resource finds, technological advances and improved governance – PwC Africa oil & gas review

PwC’s Africa oil & gas review, 2019 analyses what has happened in the last 12 months in the oil & gas industry within the major and emerging African markets

The global energy market is in an exciting phase of transition and disruption. Breakthrough technologies are unlocking significant new reserves, processing, transportation and downstream uses that were previously unviable, unknown or inaccessible. Decarbonisation driven by the environmental sustainability agenda is shifting the energy mix at an accelerating pace, which is…

PricewaterhouseCoopers LLP (PwC)
Source: PricewaterhouseCoopers LLP (PwC) |

Outlook for Africa’s oil & gas industry improves – PwC report

As the oil price is steadily rising towards pre-collapse levels, the outlook for the industry is hopeful

The outlook for Africa’s oil & gas industry is positive amid difficult operating and economic headwinds. Tough economic and external conditions have placed pressure on oil & gas companies to be more cost-effective and efficient. Companies have adopted to a low-cost environment, which promises to be even more beneficial given…

PricewaterhouseCoopers LLP (PwC)
Source: PricewaterhouseCoopers LLP (PwC) |

African national oil companies (NOCs) need to evolve for the future in light of a challenging and disruptive environment: PwC analysis

African countries that have for decades depended on their national oil company as a key source of revenue will need to rethink business models and strategies to avoid being captive to a single energy source and to allow them to rebalance budgets

NOCs across Africa have an enormous opportunity to secure a more sustainable future by transforming into “national energy companies” (‘NECs’), escaping the economic trap of a lower oil price and embracing the disruptive forces unleashed by climate change and a lowcarbon world. A new era of lower oil prices is…

PricewaterhouseCoopers LLP (PwC)
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Source: PricewaterhouseCoopers LLP (PwC) |

More in store for African retail & consumer businesses – prospects remain positive: PwC report

PwC’s inaugural publication entitled ‘So much in store’ is an in-depth study into the make-up of Sub-Saharan Africa’s retail and consumer goods industries

Africa’s economy has seen modest growth in the wake of falling commodity prices, slowing revenues and volatile currencies. The moderation in growth impacts a range of industries and sectors, including retail and consumer products that must contend with rising costs, and a fall in prices. Despite the decline in growth,…

PricewaterhouseCoopers LLP (PwC)
Source: PricewaterhouseCoopers LLP (PwC) |

PwC FY15 global revenues increase 10% to US$ 35.4 billion

Double-digit growth in Middle East and Africa (16%), North America and the Caribbean (12%) and Australasia and Pacific Islands (11%)

Strongest revenue growth in eight years Double-digit growth in Middle East and Africa (16%), North America and the Caribbean (12%) and Australasia and Pacific Islands (11%) Total workforce tops 208,000 a record number, with 53,000 people joining in FY15 PwC named as 2nd most attractive employer in the world for…