Africa Tax and Business Symposium focuses on growth and risk

12 September 2011


PwC will be hosting the 14th African Tax and Business Symposium in Nairobi, Kenya on 18—21 September 2011, bringing together business leaders and tax practitioners from over 25 countries. The theme this year is 'African Winds of Change' highlighting Africa as a key investment destination.

Steve Okello, PwC Kenya Tax leader says “We are honoured to be hosting this highly esteemed symposium that has been running for the last 14 years. It's an opportunity for business leaders and tax administrators to get together and look at tax risk awareness as a tool for improving transparency, managing threats and supporting growth.

“Too often, companies pay attention to statutory compliance only—such as submitting income tax returns on time. This symposium will look at tax administration more comprehensively, with a focus on practical and strategic tax solutions.”

The symposium's theme, 'African Winds of Change', signifies the evolving tax, regulatory and business environment faced by companies doing business in Africa. The continent is increasingly viewed as an investment destination, with 75% of CEOs in PwC's 14th Annual Global CEO Survey focused on growth potential in Africa. But the tax burden is a concern among 62% of African CEOs surveyed, many of whom are investing in regional expansion.

In particular, PwC's Tax and Business Symposium will include workshops on tax risk assurance management, the impact of global tax trends on local tax administration and tax strategies for global investors in Africa. For the first time, the African Tax Administrators Forum (ATAF) will speak directly to taxpayers about the Exchange of Information and Transfer Pricing as well as ATAF's origins and objectives.

The presenters will include Dr. Bitange Ndemo, the Permanent Secretary in the Ministry of Information talking about the impact of ICT policy formulation and implementation on the growth of m-commerce in developing countries.

For the first time the symposium will host a Human Resource Services Africa Conference that will be running parallel to the Tax symposium. Says Okello, “We have found over the years that as businesses expand into other markets, there are key HR issues that need to be considered. Some of them link to tax and others are business wide and we have therefore leveraged from the tax symposium to have HR practitioners meet from across the region and discuss these issues”.