Browsing: top company executives in Africa

Africa’s CEOs forecast low revenue growth

Chief executives of firms operating in Africa are concerned about weaker than expected growth in revenues in 2020, largely due to policy uncertainty, over-regulation, exchange rate volatility and instability in the global financial markets.

According to A global survey of chief executives released by consultancy firm PricewaterhouseCoopers, over 50 per cent of top company executives in Africa see uncertain global economic growth and policy uncertainty as key threats to their continental operations, followed by social instability, geopolitical uncertainty and exchange rate volatility.

The global annual survey seeks to understand the environment in which companies operate globally. Other issues facing Africa’s CEOs are inadequate basic infrastructure, protectionism, cyber threats and tax uncertainty.

According to the report, 3 per cent of African CEOs say to expect the global growth to remain the same while 53 per cent say it will decline this year and 20 per cent say global growth will improve.…