Our Africa 2021 Roundup video series brings you views and insights from some of Africa’s leading voices in finance, with participants from EY, PwC, Invest Africa, Clyde & Co, A&K and CWEIC.
Each video interview provides a summary of 2021 from an African perspective and covers several topics, including how business faired as we emerge from the COVID-19 crisis; inward investment trends and challenges that have characterised 2021; and, what governments can do to encourage and incentivise international capital to invest in Africa.
Watch our Africa 2021 roundup interviews:
Watch Pan-Africa 2021 Roundup Interviews
Watch West Africa 2021 Roundup Interviews
Watch East Africa 2021 Roundup Interviews
Read interviewee profiles
Michael leads Clyde & Co’s corporate/M&A team for East Africa – advising international companies and funds on strategic transactions across the region.
In Michael’s roundup interview, he speaks about his work with the world’s largest undeveloped nickel mine, the rise of M&A deals in South Africa, why Africa plays a vital role in the energy transition, globally and how governments in Africa can work to influence monetary policy, legislation and taxation in order to provide certainty to investors who want to invest in Africa.Read full profile
Karen Taylor has been involved in promoting African trade and investment since 2014.
In this video interview, among other topics, Karen shares in-depth insights into Pan-African supply chains, progress on the financing of COVID-19 vaccines for Africans, an overview of the political unrest and economic factors which may be affecting investor confidence, and Africa’s role in tackling climate change through renewable and clean energy. Karen describes the success of the Inter-Africa Trade Fair event, which took place in November 2021 and attracted more than 11,000 trade visitors to Durban.Read full profile
If I was going to sum up this year past for the continent in one word, I think it’d be ‘resilience’.
Partner, Clyde & Co
The UN is predicting that FDI flows will once again, in 2022, return to those levels of 2019 which were on an upward trajectory.
Chief Executive Officer, Invest Africa
Partner with PwC Nigeria, Esiri Agbeyi, shares her thoughts on foreign direct investment reaching the West Africa region, how the Africa Continental free trade agreement will increase investment significantly with the continent, which in turn will improve inter-trade within Africa and have a positive impact on GDP.
Esiri also reflects on the significant contributions made by West African family businesses and the private sector to eradicate COVID-19 in 2021, alongside the rise in philanthropy in the region during this period, although the pandemic is still taking a toll on the continent with access to vaccinations being a major problem.Read full profile
Country Director in Nigeria for the Common Wealth Enterprise and Investment Council (CWEIC), Obinna Anyanwu provides a succinct overview of the challenges and opportunities facing the West African region, with a clear focus on Nigeria.
He reflects on how border closures and travel restrictions caused by the pandemic have affected African economies but also encouraged a focus on inter-Africa trade. Obinna describes the efforts made by the private sector to support the Nigerian government in its ‘Coalition Against COVID’ or ‘CA COVID’, and what Governments can do to provide an enabling environment for investors.Read full profile
The cherry really was around the foreign direct investment that came through, especially in the tech space, where we had a lot of investments coming through to tech start-ups.
Partner, PwC Nigeria
We’ve seen World Trade Organisation Director-General, Dr Ngozi Okonjo-Iweala, push for a resumption of global trade and lowering of trade barriers and vaccine coverage in Africa - this characterises the progress going forward.
Country Director Nigeria, CWEIC
Frank is the EY Parthenon and Eastern Africa Markets Leader responsible for leading the firm’s strategic growth in Kenya, Uganda, Rwanda, Tanzania and Ethiopia in line with EY’s significant investment plan and growth ambitions.
Watch his roundup interview for his views on East Africa’s ‘recovery story’ which describes how economically diverse countries will excel, how government fiscal stimulus packages have impacted the investment behaviours of family businesses and large corporates, and what more African governments can do to secure inward investment in the future in line with the AfCFTA. Frank also explores some recent findings from EY’s Africa Attractiveness Report.Read full profile
Daniel Ngumy is a Partner at ALN Kenya, Anjarwalla & Khanna and heads the firm’s Tax department. He specialises in regional and international tax law and has extensive experience in tax disputes and tax transactional matters.
In this roundup interview, Daniel describes the challenges and trends affecting financial services and international businesses working with Kenya, Tanzania, Ethiopia and Uganda. He describes the challenges faced within the region and issues affecting inward investment behaviour such as the oil crisis in Ethiopia, domestic debt issues, and shares his views on implementing tax regimes and reducing bureaucracy in order to continue to attract investors.Read full profile
Ultimately, it’s a recovery story. The more diversified economies are looking better. There are some political fragilities and, of course, we are also connected to the wider economic recovery story.
Eastern Africa Markets Leader, Ernst & Young LLP
The new free continental trade area for Africa promises to open up the African continent entirely, hopefully creating a lot more trade from east to west Africa, and opening up previously non-existent traditional trading hubs
Partner, Anjarwalla & Khanna LLP
2021 Africa Roundup Interviewees:
Esiri Agbeyi Partner, PwC Nigeria
Esiri is a Partner with PwC Nigeria. She leads the Private Wealth Client Services team which provides specialised services to high net worth families and entrepreneurs. The team ensures they are personally tax compliant and their international structures are optimal for succeeding generations. Esiri holds a BSc (Hons) in Microbiology, University of Ibadan, is a Fellow member of several professional associations. She has done several international courses including the Private Equity Master Class in London Business School and International Tax in New York University. Esiri also mentors, writes articles and speaks regularly at conferences.
Obinna Anyanwu Country Director - Nigeria, CWEIC
Obinna Anyanwu has served as CWEIC’s Country Director in Nigeria since 2017, leading the growth of the Network from less than 10 Strategic Partners to the active and engaged network of 20 today. Obinna is a graduate of Economics from Abia State University and holds an Executive MBA (EMBA) degree from the prestigious Lagos Business School. He is also an Associate Chartered Economist (ACE) and a member of Investment Management Consultants Association (IMCA). He is currently the Managing Director/CEO of Capital Square Limited, an Investment and Financial Advisory firm and also the Chairman of the Financial Services Group, Lagos Chamber of Commerce and Industry.
Frank Mwiti Eastern Africa Markets Leader, Ernst & Young LLP
Frank is the EY Parthenon and Eastern Africa Markets Leader responsible for leading the firm’s strategic growth in Kenya, Uganda, Rwanda, Tanzania and Ethiopia in line with EY’s significant investment plan and growth ambitions. Frank has 20+ years of experience advising Investors, Shareholders, Boards, CEOs and Government Executives across Africa, UK, US, Europe and Russia on Strategy, M&A, Governance and Transformation. Prior to joining EY, he was CEO for an M&A and Advisory firm in London and has previously held Executive roles at Deutsche Bank, UBS Investment Bank and other top global firms in UK and Africa. Frank holds Executive Management qualifications on Strategy from MIT, is a CPA and holds a Bachelor of Law degree.
Daniel Ngumy Partner, Anjarwalla & Khanna LLP
Daniel Ngumy is a Partner at ALN Kenya, Anjarwalla & Khanna and heads the firm’s Tax department. He specialises in regional and international tax law and has extensive experience in tax disputes and tax transactional matters. Daniel provides ongoing tax advice on matters affecting clients across various industries. He has advised on a variety of matters, from debt and equity transactions to mergers and acquisitions. Daniel chairs the Law Society's Tax Committee and is a regular speaker at local and international conferences. He is ranked by Chambers Global under tax law and private wealth law.
Michael Strain Partner, Clyde & Co
Michael leads Clyde & Co's corporate/M&A team for East Africa – advising international companies and funds on strategic transactions across the region. He splits his time between Nairobi and Dar es Salaam – having relocated to the region from the City of London eight years ago. His team received the "Highly Commended" award for continent-wide M&A Team of the Year at this year's African Legal Awards.
Karen Taylor Chief Executive Officer, Invest Africa
Karen has been involved in promoting African trade and investment since 2014. She joined the Business Council For Africa in 2015 and in 2017 completed a merger with Invest Africa; creating the leading business and investment platform for Africa, in the UK. She has more than twenty years experience in the events industry within private and listed events companies in the UK. Her background includes business development activity in acquisitions and joint ventures in the UK and in the developing markets of China, Russia, Africa and Dubai.
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