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The African Opportunity - Key Insights for Directors
December 2023
This Position Paper 8 provides key insights for Directors on The African Opportunity – Key Insights for Directors.
Africa, the second largest continent by land and population, is the fastest-growing continent for technology adoption, natural resources, human capital and other opportunities. There is a strong potential for healthy returns through abundant natural resources, sustainable agriculture and free trade agreements.
This Position Paper 8 provides key insights for Directors on The African Opportunity.
Ce Position Paper, qui est notre 8ème en collaboration avec le MIoD, reflète l’engagement de PwC à améliorer les normes de bonne gouvernance d’entreprise et à encourager nos leaders mauriciens à repenser les opportunités commerciales en Afrique qui a un potentiel immense. Il s'agit de la région connaissant la croissance urbaine la plus rapide au monde, avec quatre des dix économies affichant la croissance la plus élevée en 2022. Cette dynamique est renforcée par l'adoption croissante des technologies numériques, une demande soutenue pour des services de base, et l'abondance des ressources naturelles. Ces éléments ouvrent de nombreuses opportunités pour les entrepreneurs mauriciens. De plus, des investissements significatifs, atteignant jusqu'à 100 milliards de dollars par an, sont prévus en Afrique pour des projets durables. Cependant, cela n’est pas sans défis. Le continent est toujours en proie à l’instabilité politique, à la corruption, aux menaces sécuritaires et aux troubles sociaux. Ce Position Paper souligne la nécessité d’élaborer une stratégie de croissance claire et adaptée à l’Afrique. Cela signifie d’identifier les marchés les plus attractifs, de construire des relations locales solides et durables avec les partenaires, les fournisseurs et les communautés, ainsi que la nécessité de comprendre les institutions et réglementations locales.
About the Directors Forum
To support the MIoD in building more effective boards and to promote good corporate governance, the Directors Forum was set up in 2012, in collaboration with PwC Mauritius.
The Directors Forum acts as an Advisory Council and Technical Committee to the MIoD.
Collectively, the Directors Forum is made up of members who are respected local directors and professionals with backgrounds in law, economics, finance and accounting, corporate and securities regulation, business and academia, in the private and public sectors.
Download the latest Position Paper to discover the members.
Its objectives are to:
- Identify issues which are of most concern to directors,
- Produce position documents and, through consultation with Government and regulators, contribute to policy development,
- Be the voice for governance and directors’ issues in Mauritius,
- Develop guidance on governance issues in Mauritius.
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About Julien Tyack, Partner at PwC Mauritius
Julien heads our Risk Assurance Services department since 2018 and was admitted as Partner since 1 July 2021. He has more than 20 years of professional experience, of which more than 12 years in Mauritius and 11 in the UK. He has been an Internal Auditor since 2003. He is also qualified to perform quality assurance reviews for clients with an in-house internal audit function. Julien has worked at Audit Committee and board level for large multinational organisations in various industries including oil and gas, construction, civil engineering, hotels, the UK government and the UK National Health Service
Julien Tyack, partner at PwC Mauritius, recently took over at PwC on the MIoD’s “Directors’ Forum ”. Passionate about governance issues, he is "delighted to continue this journey with MioD, and to bring all his energy and a fresh look" to the challenges ahead.
Download Publication No. 8 (PDF 9.74mb) The African Opportunity - Key Insights for Directors
Further languages
- Publication No. 7: The role and responsibilities of Independent Non-Executive Directors
- Publication No. 6: Effective and sustainable good governance practices of family businesses
- Publication No. 5: COVID-19: Key considerations for Directors
- Publication No.4 - Board Evaluation
- Publication No.3 - September 2014: Engaging with Stakeholders - A Guide for Boards
- Publication No.2 - December 2013: An Ethics Guide for Boards
- Publication No.1 - September 2012: Best Practice Guidelines for the appointment of Directors
Contact us
Julien Tyack
Risk Assurance Services Partner and Sustainability Leader, PwC Mauritius
Tel: +230 404 5210
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