While we see interest in doing business in Africa growing, and with that foreign investment into a number of countries, we see the need for guidance and best practice in terms of tax and regulation growing too.
Africa’s executives are increasingly concerned that risks to their companies are on the rise. However, Africa’s executives and boards are taking effective steps to address risk strategy and management, putting them ahead of their global peers when it comes to being leaders in managing risk.
Across Africa, ongoing political, economic and social developments are raising concerns. Inadequate infrastructure, access to healthcare and food security as well as the effects of climate change are accelerating significantly. Technology continues to disrupt through innovations like cloud computing, social media and the Internet of Things and there is an increase in awareness by African business of the need to manage cybercrime and cyber-terrorism.
Business risk is everywhere. Despite this, organisations in Africa remain optimistic about the outlook for their businesses over the next 18 months.