Staying the course. EY s attractiveness program Africa 2016

Size: px
Start display at page:

Download "Staying the course. EY s attractiveness program Africa 2016"

Transcription

1 Staying the course EY s attractiveness program Africa 2016

2 Africa attractiveness program It s time for Africa Building bridges Getting down to business Executing growth Making choices EY s Africa attractiveness surveys have been widely recognised by our clients, the media and major public stakeholders as a key source of insight on foreign direct investment (FDI) Navigating Africa s current uncertainties The 2016 program seeks to develop the reports from annually to ongoing updates and views. Staying the course Page 2

3 Economic outlook Page 3

4 Global economic factors weighing down many African economies Episodes of Largest 18-Month Decline in Real Crude Oil Prices, Sub-Saharan Africa: Trade Balance with China, Page 4 July 2016

5 A generally sombre economic outlook Although performance is uneven & some bright spots remain Page 5

6 Slowdown or meltdown? Our view remains that Africa s rise over the past 15 years is real GDP growth (%) SSA World Source: IMF World Economic Outlook, Apr 16 Page 6

7 FDI trends Page 7

8 FDI 2015: the global landscape FDI projects into Africa rise even as other major regions see decline Africa is amongst the only two global regions that saw growth in FDI projects in 2015 FDI projects by world region 4,643-7% 4, Change in FDI projects (2015 vs. 2014) -7% 4,000 3,710 +7% % 1,307 1,265-5% % 2,195 2,017 +4% 1,344 1,398 Africa Asia-Pacific Latin America & Caribbean Middle East North America Rest of Europe Western Europe Source: fdi Markets Page 8

9 FDI 2015: the headlines Despite economic headwinds, FDI flows to Africa remain robust FDI projects Value and jobs created from FDI projects +7% Jobs created from FDI projects ('000) Capital investment (US$b) Pre-crisis average ( ) Pre-crisis average ( ) Investors remain confident about Africa s FDI fundamentals 7% rise in FDI projects in Africa vs. 5% drop globally US$71.3b investment in 2015 vs. US$68b average in % more jobs created in 2015 compared to average Source: fdi Markets Page 9

10 FDI destinations East Africa closes the FDI gap with Southern Africa East Africa recorded its highest ever share of FDI projects with 26.2% of total projects North Africa % share (2015) 21.5 % share (2015) 22.3 West Africa % share (2015) Central Africa East Africa FDI projects FDI value Jobs created % share (2015) Southern Africa % share (2015) Source: fdi Markets Page 10

11 FDI destinations Bumper year for Kenya-destined FDI, other SSA countries recover ground Kenya becomes biggest gainer, with year-on-year FDI project numbers growing by over 50% Top 10 destination countries by FDI projects (2015) Source: fdi Markets Page 11

12 FDI sources Substantial reshuffle in source country rankings in 2015 Top 10 source countries by FDI projects (2015) Improvement in rank in FDI projects (2015 vs. 2014) Source: fdi Markets Page 12

13 The UK climbed a spot to become second largest investor in Africa UK, #2 investor in Africa FDI projects created by the UK US$4.9b invested in 2015, 93% higher than ,813 jobs created in 2015, 101% higher than 2014 Top 5 destinations for the UK by projects Top 5 sectors for UK FDI projects FDI projects by destination (2015) Sectors FDI projects (2015) South Africa Kenya Business services Financial services Nigeria 7 CPR 7 Mozambique 5 Coal, oil and natural gas 4 Morocco 4 Mining and metals 4 Source: fdi Markets Page 13

14 FDI sectors Investors diversify focus across sectors Proportion of investment in extractive sectors* steadily declined 60% FDI projects, (% share) 50% 40% 30% 20% 33.4% 26.9% 44.7% 10% 0% 5.8% Extractive Consumer-facing Technology, media and telecom (TMT), financial services (FS) and consumer products and retail (CPR) are the primary beneficiaries of FDI projects in Africa. These three industries have led investment into Africa almost every year since Source: fdi Markets; *Extractive sectors include coal, oil and natural gas as well as mining and metals; Consumer-facing sectors include TMT, CPR and FS Page 14

15 FDI sectors TMT, FS and CPR together hold 44.7% of FDI projects Diversification continues beyond consumer interest Source: fdi Markets Page 15

16 FDI sectors Investors line up to service Africa s next-generation sectors Next wave of sectors in Africa draw investor interest Business services Automotive Fourth most preferred sector for FDI projects in % rise in capital investment in 2015 Cleantech Life sciences Second most attractive sector by capital investment Capital investment in 2015 was 13x that of 2014 Source: fdi Markets Page 16

17 Ghana climbs a spot to become sixth largest destination for FDI projects in Africa Ghana, #6 destination in Africa FDI projects in Ghana US$1.4b invested in ,160 jobs created in 2015 Top 5 sources for FDI projects in Ghana Top 5 sectors for FDI projects in Ghana FDI projects by sources (2015) Sectors FDI projects (2015) Nigeria 8 Financial services 16 France South Africa 4 7 Coal, oil and natural gas Business services 5 5 UK 3 TMT 4 Luxembourg 3 CPR 4 Source: fdi Markets Page 17

18 Kenya reports bumper year in 2015 with FDI project number growing by over 50% vs Kenya, #2 destination in Africa FDI projects in Kenya US$2.6b invested in 2015, 11% higher than ,896 jobs created in 2015, 163% higher than 2014 Top 5 sources for FDI projects in Kenya UK US Top 5 sectors for FDI projects in Kenya FDI projects by sources (2015) Sectors FDI projects (2015) TMT Financial services India 10 Business services 11 South Africa 7 CPR 10 China 6 RHC 9 Source: fdi Markets Page 18

19 Uganda reports a slight increase in FDI project numbers in 2015 Uganda, #10 destination in Africa FDI projects in Uganda US$4.7b invested in 2015, a strong increase from ,036 jobs created in 2015, 9.7% higher than 2014 Top 5 sources for FDI projects in Uganda Kenya UAE Norway Top 5 sectors for FDI projects in Uganda FDI projects by sources (2015) Sectors FDI projects (2015) Business services Financial services TMT India 1 DIP 2 Russia 1 RHC 2 Source: fdi Markets Page 19

20 Conclusion Page 20

21 Looking forward Staying the course: Investors focused on longer term potential Nothing fundamentally new or surprising in our analysis good news! We are seeing a process of evolution - ongoing diversification of destination markets and sectors, as well as sources of investment. This evolving process will continue in coming years, notwithstanding economic headwinds. Risk & opportunities likely to be more uneven, and we anticipate a shift in emphasis from rapid expansion to consolidation and striking a greater balance between growth, profitability and risk management. EY s 7-P s strategic framework provides a tool to support investors to focus on the right questions to stay the course in Africa Page 21

22 Focusing on effective execution in Africa EY s 7-P model for effective strategy in Africa Page 22

23 Our core message Do not get distracted by shorter term noise. Maintain the longer term view, keep your focus and stay the course. Page 23

24 EY Assurance Tax Transactions Advisory About EY EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com EYGM Limited. All Rights Reserved. This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, or other professional advice. Please refer to your advisors for specific advice. The opinions of third parties set out in this publication are not necessarily the opinions of the global EY organization or its member firms. Moreover, they should be seen in the context of the time they were expressed. ey.com

Making choices. EY s attractiveness survey Africa 2015

Making choices. EY s attractiveness survey Africa 2015 Making choices EY s attractiveness survey Africa 2015 Africa attractiveness surveys Background Fifth annual Africa attractiveness survey Analysis of greenfield and brownfield foreign direct investment

More information

Enabling the prospects. EY s 2014 attractiveness survey India

Enabling the prospects. EY s 2014 attractiveness survey India Enabling the prospects EY s 2014 attractiveness survey India Methodology EY s 2014 India attractiveness survey is based on... 1. The real attractiveness of India to foreign investors based on based on

More information

Economic Outlook for Infrastructure Projects: Africa Perspective Mahendra Dedasaniya: Associate Director - Deloitte 7 November 2017

Economic Outlook for Infrastructure Projects: Africa Perspective Mahendra Dedasaniya: Associate Director - Deloitte 7 November 2017 Economic Outlook for Infrastructure Projects: Africa Perspective Mahendra Dedasaniya: Associate Director - Deloitte 7 November 2017 Global overview of infrastructure investment in emerging markets Global

More information

Capital Confidence Barometer

Capital Confidence Barometer Financial Services Capital Confidence Barometer April 2014 ey.com/ccb Measured approach to growth M&A Focus on quality over quantity Economic outlook Moving beyond a recovery mindset, anticipating future

More information

The quest for profitable growth

The quest for profitable growth Global banking outlook 2015: transforming banking for the next generation The quest for profitable growth We estimate that if the average global bank grew revenues by 17% from FY13 levels, it would be

More information

Capital Confidence Barometer

Capital Confidence Barometer April 2015 12th edition Capital Confidence Barometer Mining and metals 63 respondents Page 1 About the Barometer EY s Capital Confidence Barometer is a regular survey of senior executives from large companies

More information

European attractiveness survey 2016 Russia findings

European attractiveness survey 2016 Russia findings European attractiveness survey 2016 Russia findings European context: Western Europe continues to be the most appealing FDI destination in Europe Despite a number of geopolitical risks, investors continue

More information

IFRS 12. Disclosure of Interests in Other Entities

IFRS 12. Disclosure of Interests in Other Entities IFRS 12 Disclosure of Interests in Other Entities Agenda Background and objectives Main changes to disclosure requirements Summarised financial information Other disclosure requirements for subsidiaries,

More information

Global Construction 2030 Expo EDIFICA 2017 Santiago Chile. 4-6 October 2017

Global Construction 2030 Expo EDIFICA 2017 Santiago Chile. 4-6 October 2017 Global Construction 2030 Expo EDIFICA 2017 Santiago Chile 4-6 October 2017 Graham Robinson Global Construction Perspectives Global Construction 2030 is the fourth in a series of global studies of the construction

More information

Can consumer goods companies benefit from the expected uptick? Consumer Products analysis February 2018

Can consumer goods companies benefit from the expected uptick? Consumer Products analysis February 2018 Can consumer goods companies benefit from the expected uptick? Consumer Products analysis February 2018 A sombre but improving economic outlook South Africa s 2017 growth recovered, but remains weak Weak

More information

2014 Venture Capital Review

2014 Venture Capital Review 214 Venture Capital Review Venture capital activity reaches 13-year high The venture capital (VC) industry had an exceptional year in 214. Funding was back to levels not seen since 2, median deal sizes

More information

Capital Confidence Barometer

Capital Confidence Barometer May 2016 ey.com/ccb 14th edition highlights Capital Confidence Barometer Mexican companies maintain healthy pipelines and increase their focus on alliances to spur growth Key findings 36+64+M 50+50+M 36%

More information

Driving integrated ÕfYf[aYd Yf\ kg[ayd j]lmjfk

Driving integrated ÕfYf[aYd Yf\ kg[ayd j]lmjfk Driving integrated An integrated measurement approach The global business landscape is undergoing a perceptible shift. regulation (on one hand) and social and environmental impacts (on the other hand)

More information

No October 2013

No October 2013 DEVELOPING AND TRANSITION ECONOMIES ABSORBED MORE THAN 60 PER CENT OF GLOBAL FDI INFLOWS A RECORD SHARE IN THE FIRST HALF OF 2013 EMBARGO The content of this Monitor must not be quoted or summarized in

More information

Lisbon Business Forum Business Intelligence Insights. Henrique Teixeira, Market Manager, Business Intelligence 20 October 2016

Lisbon Business Forum Business Intelligence Insights. Henrique Teixeira, Market Manager, Business Intelligence 20 October 2016 Business Intelligence Insights Henrique Teixeira, Market Manager, Business Intelligence 20 October 2016 World Regional FIN Traffic Live total traffic in H1 2016 Africa 3% FIN traffic by regions Asia- Pacific

More information

October th edition. Global Capital Confidence Barometer Chile

October th edition. Global Capital Confidence Barometer Chile October 2016 15th edition Capital Confidence Barometer Chile About the Barometer EY s Capital Confidence Barometer is a regular survey of senior executives from large companies around the world, conducted

More information

9/22/2010. Growing outside South Africa Clive Tasker, Chief Executive: Standard Bank Africa. Strategy

9/22/2010. Growing outside South Africa Clive Tasker, Chief Executive: Standard Bank Africa. Strategy Standard d Bank Group Growing outside South Africa Clive Tasker, Chief Executive: Standard Bank Africa Strategy 1 What is our strategy? To build a leading emerging markets financial services organisation

More information

Tax authorities are going digital. Stay ahead and comply with confidence

Tax authorities are going digital. Stay ahead and comply with confidence Tax authorities are going digital Stay ahead and comply with confidence Digital tax administration: why is this happening now? Around the world, budget deficits are driving a need for new revenue sources.

More information

Record to report. Are you audit ready?

Record to report. Are you audit ready? Record to report Are you audit ready? Panel Moderator Panel Cleedon Botha Anselme Patipewe Njiakin Stephen Ntsoane EY South Africa Director EY Cameroon Associate Director EY South Africa Director Sean

More information

Inward investment after Brexit

Inward investment after Brexit EY s UK Attractiveness Survey Inward investment after Brexit March 2018 Contents Executive summary 1 Investor perspectives on FDI 2 Methodology 11 About EY s Attractiveness Program 12 Executive summary

More information

Financial Accounting Advisory Services

Financial Accounting Advisory Services Financial Accounting Advisory Services May 2013 Agenda About EY 3 5 Appendix 13 Contacts 15 Page 2 About EY Page 3 EMEIA Sub-areas Africa Angola, Botswana, Republic of Congo, Equatorial Guinea, Ethiopia,

More information

How global megatrends could change tax in Africa

How global megatrends could change tax in Africa How global megatrends could change tax in Africa Panel Moderator Panel Mark Goulding George Trollope Mark Kingon Michael Lalor EY Tax market segment leader Southern region Vice President Tax Sasol South

More information

CEOs confidence rises for 2014

CEOs confidence rises for 2014 News release Date 21 January, 2014 Contact Jonathan Hicks, PwC Tel: 1-441-299-7182/1-441-505-6050 e-mail: jonathan.p.hicks@bm.pwc.com Pages 5 Marina Mello, PwC Tel: 1-441-299-7184/1-441-505-3127 e-mail:

More information

Barometer. 10th. Pursuing value in growth. Middle East and North Africa Capital Confidence M&A

Barometer. 10th. Pursuing value in growth. Middle East and North Africa Capital Confidence M&A Middle East and North Africa Capital Confidence April 2014 ey.com/ccb 10th edition Barometer Pursuing value in growth M&A Transaction outlook improves as valuation gap narrows Economic outlook Economic

More information

Eurozone. EY Eurozone Forecast March 2015

Eurozone. EY Eurozone Forecast March 2015 Eurozone EY Eurozone Forecast March 2015 Austria Belgium Cyprus Estonia Finland France Germany Greece Ireland Italy Latvia Lithuania Luxembourg Malta Netherlands Portugal Slovakia Slovenia Spain Outlook

More information

Ireland. Eurozone rebalancing. EY Eurozone Forecast June Portugal Slovakia Slovenia Spain. Latvia Lithuania Luxembourg Malta Netherlands

Ireland. Eurozone rebalancing. EY Eurozone Forecast June Portugal Slovakia Slovenia Spain. Latvia Lithuania Luxembourg Malta Netherlands EY Forecast June 2015 rebalancing recovery Outlook for Rising domestic demand improves prospects for 2015 Published in collaboration with Highlights The Irish economy grew by 4.8% last year, which was

More information

Eurozone. EY Eurozone Forecast March 2015

Eurozone. EY Eurozone Forecast March 2015 Eurozone EY Eurozone Forecast March 2015 Austria Belgium Cyprus Estonia Finland France Germany Greece Ireland Italy Latvia Lithuania Luxembourg Malta Netherlands Slovakia Slovenia Spain Outlook for Modest

More information

The Evolving Role of Trade in Asia: Opening a New Chapter. Fall 2018 REO Background Paper

The Evolving Role of Trade in Asia: Opening a New Chapter. Fall 2018 REO Background Paper The Evolving Role of Trade in Asia: Opening a New Chapter Fall 2018 REO Background Paper Outline Trade Tensions and Spillovers: Spotlight on Asia Gains from Liberalization 2 Trade tensions have escalated.

More information

Improving the Investment Climate in Sub-Saharan Africa

Improving the Investment Climate in Sub-Saharan Africa REALIZING THE POTENTIAL FOR PROFITABLE INVESTMENT IN AFRICA High-Level Seminar organized by the IMF Institute and the Joint Africa Institute TUNIS,TUNISIA,FEBRUARY28 MARCH1,2006 Improving the Investment

More information

Eurozone. EY Eurozone Forecast September 2013

Eurozone. EY Eurozone Forecast September 2013 Eurozone EY Eurozone Forecast September 213 Austria Belgium Cyprus Estonia Finland France Germany Greece Ireland Italy Luxembourg Malta Netherlands Portugal Slovakia Slovenia Spain Outlook for Germany

More information

Standard Chartered Bank in Africa, ECOWAS

Standard Chartered Bank in Africa, ECOWAS BM15-12E Standard Chartered Bank in Africa, ECOWAS Yasunori Takeuchi, CEO Japan Standard Chartered Bank October 28, 2015 0 Contents Opportunities in Africa Challenges in Africa Japanese Companies in Africa

More information

EY s Africa Attractiveness Program Year end update

EY s Africa Attractiveness Program Year end update EY s Africa Attractiveness Program 2016 Year end update EY s Attractiveness surveys and reports are widely recognized by our clients, the media and major public stakeholders as a key source of insight

More information

Financial Accounting Advisory Services

Financial Accounting Advisory Services Financial Accounting Advisory Services Bringing clarity to the accounting for restructuring activities October 2014 Agenda 3 About EY 13 Contacts 15 Page 2 Accounting for restructuring Page 3 Why do companies

More information

How can your finance function become IPO ready?

How can your finance function become IPO ready? How can your finance function become IPO ready? October 2016 The better the question. The better the answer. The better the world works. Contents 1 2 3 About EY Appendices Page 2 How can your finance function

More information

Capital Confidence Barometer

Capital Confidence Barometer 4th Issue Outlook April October 2011 Capital Confidence Barometer Fit for the future? About this survey Ernst & Young s Capital Confidence Barometer is a regular survey of senior executives from large

More information

Eurozone. EY Eurozone Forecast March 2015

Eurozone. EY Eurozone Forecast March 2015 Eurozone EY Eurozone Forecast March 2015 Austria Belgium Cyprus Estonia Finland France Germany Greece Ireland Italy Latvia Lithuania Luxembourg Malta Netherlands Portugal Slovakia Slovenia Spain Outlook

More information

11 th Global Capital Confidence Barometer

11 th Global Capital Confidence Barometer 11 th Global Capital Confidence Barometer Chile October 2014 39 respondents About the Barometer EY s Capital Confidence Barometer is a regular survey of senior executives from large companies around the

More information

Monday 13 th January, 2014

Monday 13 th January, 2014 Monday 13 th January, 2014 2014 Commodity Outlook Part Six Diamonds Whilst 2013 was a trying year for most commodities, the stand-out performer was diamonds. Over recent years the decline and disappearance

More information

Eurozone. EY Eurozone Forecast March 2014

Eurozone. EY Eurozone Forecast March 2014 Eurozone EY Eurozone Forecast March 214 Austria Belgium Cyprus Estonia Finland France Germany Greece Ireland Italy Latvia Luxembourg Malta Netherlands Portugal Slovakia Slovenia Spain Outlook for Estonia

More information

Why Invest in Africa. Senzo Hlangu. 7 June 2011

Why Invest in Africa. Senzo Hlangu. 7 June 2011 Why Invest in Africa Senzo Hlangu 7 June 2011 6 Reasons to Invest in Africa INTERNAL FACTORS Best demographics Large, young & growing population EXTERNAL FACTORS Low penetration rates Reduced debt levels

More information

Lessons learned from M&A due diligence

Lessons learned from M&A due diligence Lessons learned from M&A due diligence Facilitators: Vishal Chawla, Ernst & Young LLP Steve Rado, Ernst & Young LLP Solution Set Session A How active is your business? Page 1 US property fundamentals and

More information

Can complex geopolitical uncertainty and record M&A coexist? Capital Confidence Barometer July 2017 ey.com/ccb 16th edition Japan Highlights

Can complex geopolitical uncertainty and record M&A coexist? Capital Confidence Barometer July 2017 ey.com/ccb 16th edition Japan Highlights Capital Confidence Barometer July 2017 ey.com/ccb 16th edition Japan Highlights Can complex geopolitical uncertainty and record M&A coexist? Despite policy uncertainties, companies are giving the green

More information

The Sustainable Development Commitments Mobilizing Resources for Implementing the SDGs Anne Bakilana Program Leader World Bank Group

The Sustainable Development Commitments Mobilizing Resources for Implementing the SDGs Anne Bakilana Program Leader World Bank Group The Sustainable Development Commitments Mobilizing Resources for Implementing the SDGs Anne Bakilana Program Leader World Bank Group @wbg2030 worldbank.org/sdgs Symposium on Governance for Implementing

More information

Eurozone. EY Eurozone Forecast June 2014

Eurozone. EY Eurozone Forecast June 2014 Eurozone EY Eurozone Forecast June 214 Austria Belgium Cyprus Estonia Finland France Germany Greece Ireland Italy Latvia Luxembourg Malta Netherlands Portugal Slovakia Slovenia Spain Outlook for Slovenia

More information

Can today s operational challenges create tomorrow s opportunities?

Can today s operational challenges create tomorrow s opportunities? Can today s operational challenges create tomorrow s opportunities? A review of South Africa s banking sector financials 2017 13 March 2018 Analysis of South Africa s six largest banks, based on 12 month

More information

African Economic Outlook 2015

African Economic Outlook 2015 African Economic Outlook 2015 ECA s Contribution to the World Economic and Situation Prospects 2015 (WESP 2015) Link Meeting: 22-24 October 2014 Adam Elhiraika Macroeconomic Policy Division United Nations

More information

Reflections on the Global Economic Outlook

Reflections on the Global Economic Outlook Reflections on the Global Economic Outlook A presentation to the ACI-ICA World Congress October 2018 Mahmoud Mohieldin Senior Vice President World Bank Group @wbg2030 worldbank.org/sdgs Global Megatrends

More information

Eurozone. EY Eurozone Forecast September 2014

Eurozone. EY Eurozone Forecast September 2014 Eurozone EY Eurozone Forecast September 2014 Austria Belgium Cyprus Estonia Finland France Germany Greece Ireland Italy Latvia Luxembourg Malta Netherlands Portugal Slovakia Slovenia Spain Outlook for

More information

Eurozone. EY Eurozone Forecast June 2014

Eurozone. EY Eurozone Forecast June 2014 Eurozone EY Eurozone Forecast June 2014 Austria Belgium Cyprus Estonia Finland France Germany Greece Ireland Italy Latvia Luxembourg Malta Netherlands Portugal Slovakia Slovenia Spain Outlook for Malta

More information

Will Africa follow the Asian developmental model? Dr Martyn Davies Managing Director, Emerging Markets & Africa Deloitte

Will Africa follow the Asian developmental model? Dr Martyn Davies Managing Director, Emerging Markets & Africa Deloitte Will Africa follow the Asian developmental model? 29 Headline th August 2017 Verdana Bold Dr Martyn Davies Managing Director, Emerging Markets & Africa Deloitte Inequality is the burning issue of our time

More information

Global analysis of health insurance in The Gulf Region

Global analysis of health insurance in The Gulf Region Global analysis of health insurance in The Gulf Region The prospects for health care insurance in the GCC states The sharp sell-off in global oil prices that began in mid-214 triggered an economic slowdown

More information

Investing in Ethiopia

Investing in Ethiopia Investing in Ethiopia The Global Business Advisors Perspective Corporate Council on Africa 7 th bi-annual business summit Washington, D.C. September 28 to October 1, 2009 Presentation by: Zemedeneh Negatu,

More information

Taxation of natural resources: principles and policy issues

Taxation of natural resources: principles and policy issues Taxation of natural resources: principles and policy issues Charles Makola The better the question. The better the answer. The better the world works. Introduction Simplified economic and political framework

More information

Eurozone. EY Eurozone Forecast September 2014

Eurozone. EY Eurozone Forecast September 2014 Eurozone EY Eurozone Forecast September 2014 Austria Belgium Cyprus Estonia Finland France Germany Greece Ireland Italy Latvia Luxembourg Malta Netherlands Portugal Slovakia Slovenia Spain Outlook for

More information

Investor Day 2006 Wholesale Banking 22 November Road to sustainable growth

Investor Day 2006 Wholesale Banking 22 November Road to sustainable growth Investor Day 2006 Wholesale Banking 22 November 2006 Road to sustainable growth 2 Forward looking statements It is possible that this presentation could or may contain forward-looking statements that are

More information

Ukraine FDI report 2011

Ukraine FDI report 2011 Ukraine FDI report 2011 Contents Competing in a converging world 3 Ukraine s true FDI value 4 Reforms and expectations 7 Methodology 8 Ernst & Young in Ukraine 9 Foreword The Ukraine Foreign Direct Investment

More information

May th edition Capital Confidence Barometer. Hospitality and leisure. 86 respondents

May th edition Capital Confidence Barometer. Hospitality and leisure. 86 respondents May 2015 12th edition Capital Confidence Barometer Hospitality and leisure 86 respondents About the Barometer EY s Capital Confidence Barometer is a regular survey of senior executives from large companies

More information

Cyprus. Eurozone rebalancing. EY Eurozone Forecast June Portugal Slovakia Slovenia Spain. Latvia Lithuania Luxembourg Malta Netherlands

Cyprus. Eurozone rebalancing. EY Eurozone Forecast June Portugal Slovakia Slovenia Spain. Latvia Lithuania Luxembourg Malta Netherlands EY Forecast June 215 rebalancing recovery Outlook for Renewed external funding to support growth, but is a worry Published in collaboration with Highlights The ending of capital controls and the approval

More information

Eurozone. EY Eurozone Forecast March 2015

Eurozone. EY Eurozone Forecast March 2015 Eurozone EY Eurozone Forecast March 2015 Austria Belgium Cyprus Estonia Finland France Germany Greece Ireland Italy Latvia Lithuania Luxembourg Netherlands Portugal Slovakia Slovenia Spain Outlook for

More information

Olufunke Jones Country Head, Power and Energy Ecobank Nigeria

Olufunke Jones Country Head, Power and Energy Ecobank Nigeria Olufunke Jones Country Head, Power and Energy Ecobank Nigeria Our Major Focus West Africa Energy Outlook Emerging Scenarios Nigeria: A Case Study Power for all: Next Steps for the Sub-Region Power Infrastructure

More information

Review of the Economy. E.1 Global trends. January 2014

Review of the Economy. E.1 Global trends. January 2014 Export performance was robust during the third quarter, partly on account of the sharp depreciation in the exchange rate of the rupee and partly on account of a modest recovery in major advanced economies.

More information

Eurozone. EY Eurozone Forecast December 2013

Eurozone. EY Eurozone Forecast December 2013 Eurozone EY Eurozone Forecast December 213 Austria Belgium Cyprus Estonia Finland France Germany Greece Ireland Italy Luxembourg Malta Netherlands Portugal Slovakia Slovenia Spain Outlook for Germany Strong

More information

Initial steps on the IPO journey. April 2016

Initial steps on the IPO journey. April 2016 April 2016 Contents 1 2 3 Listing requirements About EY 3 16 19 IPO readiness Self-assessment Do you recognize these challenges in your company? Question Self-assessment Often Sometimes Never Do you understand

More information

World s Best Investment Bank Awards 2018

World s Best Investment Bank Awards 2018 Global Finance will publish its selections for the 19th Annual World s Best Investment Banks in the April 2018 issue. Winners will be honored at an awards ceremony in New York City in March, and all award

More information

UP OR DOWN? 2015 Q3 NIELSEN GLOBAL SURVEY OF CONSUMER CONFIDENCE AND SPENDING INTENTIONS

UP OR DOWN? 2015 Q3 NIELSEN GLOBAL SURVEY OF CONSUMER CONFIDENCE AND SPENDING INTENTIONS UP OR DOWN? 2015 Q3 NIELSEN GLOBAL SURVEY OF CONSUMER CONFIDENCE AND SPENDING INTENTIONS Among the world s largest economies, U.S. consumer confidence jumped 18 index points in the third quarter to a score

More information

Leading global banking practices Emilio Pera, May 2013

Leading global banking practices Emilio Pera, May 2013 Leading global banking practices Emilio Pera, May 203!@# Agenda Banking in Africa 2 Global Banking Outlook 3 Questions/discussion 2 Africa Attractiveness Getting down to business!@# How Infrastructure

More information

Are your climate disclosures revealing the true risks of your business?

Are your climate disclosures revealing the true risks of your business? Are your climate disclosures revealing the true risks of your business? Insights for the CFO on the release of Final Report: Recommendations of the Task Force on Climate-related Financial Disclosures.

More information

1st Quarter Revenue. April 22, 2010

1st Quarter Revenue. April 22, 2010 1st Quarter Revenue April 22, 2010 Disclaimer This presentation contains forward looking statements. The use of the words "aim(s)," "expect(s)," "feel(s)," "will," "may," "believe(s)," "anticipate(s)"

More information

Lazard Insights. MENA Equities: An Overlooked Dimension within Emerging Markets. Summary. Structural Advantages

Lazard Insights. MENA Equities: An Overlooked Dimension within Emerging Markets. Summary. Structural Advantages Lazard Insights MENA Equities: An Overlooked Dimension within Emerging Markets Walid Mourad, Portfolio Manager/Analyst, Middle East North African Equity team Summary MENA governments are committing a large

More information

Can complex geopolitical uncertainty and record M&A coexist? Global Capital Confidence Barometer June 2017 ey.com/ccb/industrials 16th edition

Can complex geopolitical uncertainty and record M&A coexist? Global Capital Confidence Barometer June 2017 ey.com/ccb/industrials 16th edition Industrials Global Capital Confidence Barometer June 2017 ey.com/ccb/industrials 16th edition Can complex geopolitical uncertainty and record M&A coexist? Despite policy uncertainties, companies are giving

More information

Sub-Sahara Africa Economic Outlook

Sub-Sahara Africa Economic Outlook Sub-Sahara Africa Economic Outlook Nicholas Staines and Jean-Paul Mvogo International Monetary Fund Kinshasa, November 2015 nstaines@imf.org and mvogo@imf.org www.imf.org and www.imf.org/kinshasa Regional

More information

Looking ahead to. S&P Global Platts. Celebrating. Disruptors, dealmakers and new developments. December How blockchain could disrupt commodities

Looking ahead to. S&P Global Platts. Celebrating. Disruptors, dealmakers and new developments. December How blockchain could disrupt commodities S&P Global Platts Celebrating years The five themes to watch next year US midterm elections: energy impact How blockchain could disrupt commodities Disruptors, dealmakers and new developments Looking ahead

More information

A PRESENTATION ON FDI TRENDS IN OIC COUNTRIES

A PRESENTATION ON FDI TRENDS IN OIC COUNTRIES A PRESENTATION ON FDI TRENDS IN OIC COUNTRIES Prepared for the Seminar on Investment policies towards sustainable development and inclusive growth Organized by The Secretariat of the United Nations Conference

More information

Global Economy is Expected to Grow by 3.4 % in 2016 GDP growth in 2016, %

Global Economy is Expected to Grow by 3.4 % in 2016 GDP growth in 2016, % Russia Brazil Mexico Rest of Latin America Rest of Eastern Europe Middle East and Africa Global Economy is Expected to Grow by 3.4 % in 216 GDP growth in 216, % 9 8 7 6 5 4 3 2 1-1 -2-3 -4 North America

More information

The UK as a favoured location for Indian investments

The UK as a favoured location for Indian investments The UK as a favoured location for Indian investments Over the course of multiple parliaments under different political leadership, UK Government policy has consistently aimed at creating the most competitive

More information

Global Investments in R&D

Global Investments in R&D Fact Sheet No. 50 June 2018 FS/2018/SCI/50 Global Investments in R&D The UNESCO Institute for Statistics (UIS) is the statistical office of UNESCO and is the UN depository for global statistics in the

More information

PPI data update note 28 November Private activity in infrastructure down, but still around peak levels

PPI data update note 28 November Private activity in infrastructure down, but still around peak levels PPI data update note 28 November 29 Private activity in infrastructure down, but still around peak levels Private activity in infrastructure showed mixed results in 28, according to just-released data

More information

World Investment Report 2013

World Investment Report 2013 Twenty-Sixth Meeting of the IMF Committee on Balance of Payments Statistics Muscat, Oman October 28 30, 2013 BOPCOM 13/25 World Investment Report 2013 Prepared by the UNCTAD WORLD INVESTMENT REPORT 2013

More information

IPO destination guide. Find the right market strategy to maximize value for your IPO or secondary listing

IPO destination guide. Find the right market strategy to maximize value for your IPO or secondary listing IPO destination guide Find the right market strategy to maximize value for your IPO or secondary listing IPO destination guide You've decided to go public and now you need to map out all the necessary

More information

Claims transformation. EY claims capability

Claims transformation. EY claims capability Claims transformation EY claims capability Global insurance industry trends claims transformation According to the market point of view, claims transformation will be the focus of innovation and investment

More information

Global Consumer Confidence

Global Consumer Confidence Global Consumer Confidence The Conference Board Global Consumer Confidence Survey is conducted in collaboration with Nielsen 4TH QUARTER 2017 RESULTS CONTENTS Global Highlights Asia-Pacific Africa and

More information

All tied up MENA. Working capital management report 2018

All tied up MENA. Working capital management report 2018 All tied up MENA Working capital management report 2018 Contents 2 All tied up MENA 2018 Foreword All tied up MENA 2018 is part of a series of WC management reports based on EY research, reviewing the

More information

Confidence. stakeholders. In so doing, we play a critical role in building a Daniel Serventi

Confidence. stakeholders. In so doing, we play a critical role in building a Daniel Serventi Brazil EY Assurance Tax Transactions Advisory Capital For a conversation about your About EY capital strategy, please contact us EY is a global leader in assurance, tax, transaction and advisory services.

More information

Taxation of extractive industries in East and Central Africa. Are these in harmony?

Taxation of extractive industries in East and Central Africa. Are these in harmony? Taxation of extractive industries in East and Central Africa Are these in harmony? Panel Moderator Panel Max Mangoro Silke Mattern Albena Todorova Partner EY Zimbabwe Partner EY Tanzania Partner EY Mozambique

More information

Eurozone. EY Eurozone Forecast September 2014

Eurozone. EY Eurozone Forecast September 2014 Eurozone EY Eurozone Forecast September 2014 Austria Belgium Cyprus Estonia Finland France Germany Greece Ireland Italy Latvia Luxembourg Netherlands Portugal Slovakia Slovenia Spain Outlook for Stronger

More information

A LONG-TERM CASE FOR EMERGING MARKETS

A LONG-TERM CASE FOR EMERGING MARKETS A LONG-TERM CASE FOR EMERGING MARKETS An Extraordinary Long-Term Opportunity Emerging markets have displayed significant evolution in terms of economic development and capital markets deepening in the

More information

Slovenia. Eurozone rebalancing. EY Eurozone Forecast June Portugal Slovakia Slovenia Spain. Latvia Lithuania Luxembourg Malta Netherlands

Slovenia. Eurozone rebalancing. EY Eurozone Forecast June Portugal Slovakia Slovenia Spain. Latvia Lithuania Luxembourg Malta Netherlands EY Forecast June 215 rebalancing recovery Outlook for Activity to remain solid this year, after growing 2.4% in 214 Published in collaboration with Highlights n GDP grew by 2.4% in 214 and 3% in Q1 215,

More information

Global Economic Prospects: Navigating strong currents

Global Economic Prospects: Navigating strong currents Global Economic Prospects: Navigating strong currents Andrew Burns World Bank January 18, 2011 http://www.worldbank.org/globaloutlook Main messages Most developing countries have passed with flying colors

More information

Foreign Direct Investment in the United States. Organization for International Investment

Foreign Direct Investment in the United States. Organization for International Investment Foreign Direct Investment in the United States Organization for International Investment March 16, 2011 FOREIGN DIRECT INVESTMENT IN THE UNITED STATES Key Findings Foreign Direct Investment in the United

More information

Automotive transactions and trends 1H16

Automotive transactions and trends 1H16 Automotive transactions and trends 1H16 Global automotive mergers and acquisitions review Produced by Global Markets EY Knowledge Contents Executive summary 01 Analysis by deal sizes Cross-border deals

More information

EYGS UK tax strategy. Financial year ending 30 June 2017

EYGS UK tax strategy. Financial year ending 30 June 2017 EYGS UK tax strategy Financial year ending 30 June 2017 EY s values and our commitment to building a better working world drive our tax strategy Scope This tax strategy applies to EYGS LLP and all its

More information

Nairobi Securities Exchange. 6th June 2015

Nairobi Securities Exchange. 6th June 2015 Nairobi Securities Exchange Kenya Diaspora Trade and Investment Conference Investment in Securities For The Kenyan Diaspora Geoffrey Odundo Chief Executive 6th June 2015 CONTENTS 1. About the NSE 2. Kenyan

More information

Eurozone. EY Eurozone Forecast September 2014

Eurozone. EY Eurozone Forecast September 2014 Eurozone EY Eurozone Forecast September 214 Austria Belgium Cyprus Estonia Finland France Germany Greece Ireland Italy Latvia Luxembourg Malta Netherlands Portugal Slovakia Slovenia Spain Outlook for Cyprus

More information

Key Activities of the WB/IFC Securities Markets Group. Global Capital Markets Development Department

Key Activities of the WB/IFC Securities Markets Group. Global Capital Markets Development Department Key Activities of the WB/IFC Securities Markets Group Global Capital Markets Development Department WB-IFC Securities Market Group (GCMSM) WBG Global Product Group for local securities market development

More information

Debt in the steel sector

Debt in the steel sector Debt in the steel sector Signs of distress in the steel sector are increasing as we see several steelmakers on the verge of bankruptcy and seeking to divest assets to reduce debt. Debt in the steel sector

More information

The Role of Financial Inclusion and Financial Literacy for Development Leora Klapper

The Role of Financial Inclusion and Financial Literacy for Development Leora Klapper The Role of Financial Inclusion and Financial Literacy for Development Leora Klapper Lead Economist Development Economics Research Group The World Bank The World Bank s Global Findex Database In 2014,

More information

Foreign investment and regional integration in Southern Africa. Lynne Thomas

Foreign investment and regional integration in Southern Africa. Lynne Thomas Foreign investment and regional integration in Southern Africa Lynne Thomas Centre for Research into Economics and Finance in Southern Africa London School of Economics OECD Seminar, Johannesburg, 25-26

More information

OLD MUTUAL EMERGING MARKETS

OLD MUTUAL EMERGING MARKETS OLD MUTUAL EMERGING MARKETS Capital Markets Day Ralph Mupita, Chief Executive 11 October 2016 INVESTMENT SAVINGS INSURANCE BANKING DISCLAIMER This presentation may contain certain forward-looking statements

More information

Mergers, acquisitions and capital-raising in mining and metals trends, 2014 outlook: changing gear. The CFO perspective at a glance

Mergers, acquisitions and capital-raising in mining and metals trends, 2014 outlook: changing gear. The CFO perspective at a glance Mergers, acquisitions and capital-raising in mining and metals 2013 trends, 2014 outlook: changing gear The CFO perspective at a glance The CFO perspective at a glance We want to help you get to the insight

More information

Global Investor Sentiment Survey

Global Investor Sentiment Survey 2014 Global Investor Sentiment Survey K E Y I N S I G H T S - G L O B A L Our results indicate that by many measures investors are optimistic about the year ahead. Following 2013, a year that saw the global

More information