As part of KPMG's Global Development Initiative, which focuses on member firms' skills and resources on achieving the United Nations Millenium Development Goals (MDGs), KPMG in the UK developed this report highlighting the potential opportunities for investment in Kisumu, Kenya, one of the selected mid-sized cities across sub-Saharan Africa.
In keeping with tradition, the
three East African Finance Ministers simultaneously delivered their budget
speeches on 12 June 2008, articulating changes expected to take effect later
on this year. The budget speeches re-emphasized the need to build prosperity
for all and hence focused on development initiatives.
Types of Funds
Private Equity (PE) in its simplest form refers to equity investments in private rather than public or listed companies. Viewed differently, it is the use of privately owned funds for direct investment into privately owned companies.
As part of KPMG Kenya's contribution to the healing process in our country, for two months the firm has designated every Friday ‘KPMG Action Days’.
Are you getting the full benefit of your assessment?
Today, more than ever, there is increased demand for the internal audit function to
add value to the organisation. Executive management is relying more on internal
audit to identify, measure and control business risks. Audit committees are asking
tough questions about the quality and effectiveness of their internal audit
functions. The regulatory authority including Capital Market Authority, central
government regulations and Central Bank of Kenya expect internal audit to be
the eyes of the Audit Committees. There is increased scrutiny of the function.
If you increased your sales by 25% to 50% over the next six months, what
would happen to your cash balance?
My experience is nine out of ten business owners can’t answer this question. That’s why so many businesses succeed in growing their business only to end up with an uncomfortable and embarrassing cash flow crisis on their hands.
