PwC Kenya is delighted to announce the publication of our PwC Africa Annual Review 2023. The publication shares highlights from the PwC Africa Joint Venture’s performance (“PwC Africa”) for the 2022-2023 financial year ended 30 June 2023, and insights about where the firm is headed in 2024 and beyond.
The publication shares information about PwC Africa’s commendable performance for the year, particularly considering certain challenges in many African markets. PwC Africa’s ambition is to exceed expectations and provide outstanding, distinctive client service and opportunities for our people. To achieve that ambition, the network has activated the 5+1 Ubuntu Bethu strategy. Ubuntu Bethu is an ancient African mantra meaning “Our Humanity''. It communicates the importance of community, interreliance and working together, and reflects the network’s commitment to our clients, people and communities.
The PwC Africa Annual Review 2023 is the second annual publication from the PwC Africa network of firms, and we invite you to read more about our performance during the previous year and future-focused perspectives on our business, this region and our talented PwC workforce.
Dion Shango, PwC Africa CEO, says: “As a continent, we are facing testing times and collective challenges. There are also countless opportunities, and the manner in which business leaders are being called to lead is constantly evolving. For us, our 5+1 Ubuntu Bethu strategy serves as a lever for solving these challenges and harnessing new opportunities more effectively. Across the continent, we are working together as a community of solvers, and focusing on the power and potential of our shared humanity in an effort to drive exceptional performance and make a meaningful impact. I am proud of our people’s resilience, together with our unwavering commitment to quality and ethical conduct. Together, we will rise to the challenge and capitalise on new opportunities, helping our business and clients to grow and evolve.”
Peter Ngahu, PwC Eastern Africa Regional Senior Partner, says: “A wide variety of global and local factors, including pandemics, conflicts, inflation, energy challenges and talent shortages has heightened the interplay and pace of risks. Therefore, navigating this changing landscape necessitates fresh perspectives and a collective effort. By blending industry insights, time-tested methodologies and cutting-edge technology, our community of solvers tackle our clients' most pressing challenges to achieve lasting results for them.”
In FY23 PwC Africa continued to work hard to inspire our people and deliver on our transformation, diversity, and inclusion objectives. We firmly believe that a diverse workforce is a vital element of our continued success. “In fostering an inclusive environment, our goal is to ensure that everyone, regardless of their background, feels genuinely valued and respected,” continued Shango. “Our people are our single greatest asset and we are proud of the employment opportunities, career advancement and recognition and reward structures that make our work meaningful.”
Employing a future-focused approach
PwC Africa’s focus on trust and sustained outcomes serves to accelerate breakthrough solutions for our business and clients. We help to refine our clients’ strategies and objectives by innovating unique solutions that help to simplify systems, amplify results, respond to Megatrends and solve problems end-to-end. “We have helped our clients to attain holistic success by listening carefully, working collaboratively and curating an ecosystem of people who power endless possibilities,” Shango says.
PwC Africa’s future-focused approach has five elements:
Our Societal Purpose
Globally and in Africa, PwC is focused on building trust in society and solving important problems. In Africa, PwC has reflected on that broader purpose in the context of Ubuntu Bethu and implemented our Societal Purpose strategy, which integrates our commitment to sustainability, our services, and our community-level initiatives. Bringing together these commitments helps the PwC Africa network of firms to localise our strategy and efforts, driving greater impact and value, and inspiring our people to be a force for good.
Contributing to a sustainable future for Africa
“We may be facing volatility in many forms across Africa, but our results demonstrate our commitment to providing only the highest quality services to our clients and stakeholders,” Shango says. “As we progress, we will continue to deliver an unwavering commitment to transformation and inclusion and will ensure that we remain accountable to our people and stakeholders through our Africa Governance Board, Africa Leadership Team, and regional management and legal teams. We remain steadfast in our commitment to fostering growth and success in the African market and look forward to accelerating our positive trajectory in the years ahead.”