Africa

What we do 

KPMG's Africa Oil & Gas practice provides our member firms' clients with services on a global basis through industry professionals who have an in-depth understanding of the challenges faced by oil and gas companies.

Audit Quality - Our Top Priority

The audit methodology is designed to meet applicable national and international standards. We have high norms for delivering quality risk-based audits and perform our audits in accordance with International Standards on Auditing and relevant national standards.

eAudIT

We offer the audit industry’s most technologically empowered audit. Our existing audit electronic functionality has now been significantly enhanced with the global roll-out of the rigorously tested eAudIT application.

Tax

Our Tax practice is made up of industry and functional specialists that focus on key areas such as Companies Income Tax, Indirect Taxes (VAT and Customs), Personal Income Tax, Withholding Tax Management and Petroleum Profits Tax. We advise clients on a wide range of tax and business issues, including restructuring of transactions for maximum tax advantage. Consequently, our core tax services cover the following:

  • Companies Income Tax
  • Withholding Tax
  • Value Added Tax
  • Petroleum Profit Tax
  • Payroll Management Services/Payroll Restructuring/Personal Income Tax
  • Tax Transaction Services & Outsourcing
  • Rendering of advisory opinions on sundry tax and regulatory issues, when required by the company from time to time
  • New investment & start-ups in
  • Cross border transactions
  • Contract structuring for tax efficiency
  • Review of commercial agreements for tax and business issues
  • Regulatory compliance and advisory services
  • Compensation & Benefits
  • KPMG Business Services (KBS)

Advisory

Our Advisory practice combines deep industry skills around the world to tackle your challenges, providing objective advice and execution to help preserve and increase value

Management Consulting

We look at systems, supply chains, capital structures, contracts with third parties and intellectual property to see how they can best be optimized. We identify areas of weakness that might jeopardize achievement against objectives-and help to put them right – and devise and execute management systems to create sustainable business performance. Our Core Competencies include;

  • CFO Advisory
  • Business Effectiveness/Transformation
  • People and Change
  • Strategy and Business Planning
  • IT Consulting
  • Customer and Channel Management
  • Operational Strategy/Cost Optimization

Transaction and Restructuring

Our Transaction Services provides support on mergers and acquisitions right from before the deal is signed, through to completion, integration or separation. We help clients to identify risks and opportunities in their acquisition, disposal or joint venture and also assist with buy-outs and Initial Public Offerings.

Our Transaction Offerings Include:

  • Transaction Evaluation (due diligence)
  • Transaction Structuring
  • Buy-side/Sell-side Assistance (Pre-and Post-Deal)
  • Capital Markets Service IPO, Debt and Equity Assistance
  • Vendor Assistance/ Contract Assistance
  • Business & Financial Modeling
  • Integration/ Separation Assistance

Restructuring

Our Restructuring practice can help solve complex problems that may threaten a company’s value. The aim is to turn around the performance of a business and to help generate outstanding and lasting value. Where appropriate our restructuring professionals also advise on and guide management through a whole range of insolvency procedures.

Our Restructuring Services include:

  • Corporate Financial Restructuring
  • Early Exit/Exit Planning and Implementation
  • Formal Restructuring
  • Insurance Solutions
  • Lender Advisory
  • Non-Performing Loan Advisory
  • Solvent Reconstructions and Liquidations
  • Total Cash and Working Capital
  • Turnaround Planning and Implementation

Risk Consulting

  • Accounting Advisory Services
  • Financial Risk Management
  • Forensic
  • Internal Audit, Risk and Compliance Services

IT Advisory Services

  • Assurance
  • Information Protection and Business Resilience (IPBR)
  • Growth and Intelligence

Financial Advisory Services - Advisory support throughout a transaction

  • Pre deal evaluation and advice
  • Transaction evaluation (due diligence)
  • Transaction structuring
  • Vendor assistance
  • Contract assistance
  • Business and financial services
  • Integration/separation assistance

Independent investment banking advice

  • Business plans and advice
  • Valuations and fairness opinions
  • Structured and project financing
  • Debt advisory services
  • Private equity services
  • IP
  • sponsorship and advice

Strategy/Operating Models - Strategy/Operation model articulation or update

  • Conduct of detailed market analysis/scan - analysis of strengths and weakness of current operators, regulations and impacts on your company, market trends, customer/market segments, customer preferences, opportunities and threats, etc
  • Development of comprehensive and accurate startup plan and budgets
  • Articulation, design and implementation of core and support functions operating models
  • Support/Advisory services on strategic alliances/ partnerships

People Services

  • Recruitment/Executive selection
  • Design of organisational structure, definition of job descriptions etc
  • Compensation and Benefits – compensation surveys, executive compensation advisory, incentive schemes, pay structure design and development, etc.
  • Development of key performance measures and performance appraisal/reward systems for personnel
  • Support in articulating unifying values, vision and culture for recruited personnel; support with effective management team building
  • Development of employment contracts
  • Staff training

Corporate Intelligence

  • Strategy/Policy and Gap Analysis - Technical advice and interpretation of the operational requirements to meet global and local standards
  • Account opening process - Review of account  opening process and recommendations to enhance the process and ensure adherence to the appropriate Know-Your-Customer (KYC) standards
  • Transaction monitoring and suspicion reporting - Advice on specification and business requirements for a transaction monitoring solution
  • Remediation - Provision of advice and support on data warehousing, scanning and cleaning, the design/operation of remediation databases and remediation processes and policies e.g. High risk/Politically Exposed Person (PEP customers
  • Investigations and due diligence - Pre-acquisition reviews of target’s AML systems and controls; Profiling of high risk customers and PEPs using comprehensive public and non-public data sources and corporate intelligence networks
  • Training and awareness - Training in relation to regulators and rest of industry

Detailed design, documentation, implementation and monitoring of systems, processes and controls:

  • Finance
  • Human Resources
  • Accounting Advisory
  • Administration
  • Corporate Services
  • Marketing
  • Information Systems
  • Project/Programme Management

Start-up, and Regulatory Services

  • Advise on Capital Importation procedures for foreign  direct investment (FDI)
  • Regulatory advice and obtaining relevant licences for regulated business activity
  • Review of commercial agreements for business  issues
  • Contract structuring and restructuring for tax efficiency
  • Business organisation advisory services - (joint ventures, wholly owned subsidiaries, etc.) including divestment, voluntary winding up/liquidation
  • Intellectual property advisory and compliance services
  • Company secretarial services

Risk & Regulatory Advisory Services

  • Corporate Governance
  • Internal audit (training/capacity building, outsourcing or c-sourcing)
  • General control review of the IT system and environment
  • Development of an information security framework
  • IT risk management services
  • Quality assurance review of the internal audit function
  • Design of an internal controls framework
  • Development of an enterprise risk management framework
  • Vendor contract compliance

Major Project Advisory - Project Management Support:

  • With our deep and varied project management skills, hands-on experience and knowledge of the industry, we will be able to provide effective, value-adding support to your company in coordinating and facilitating speedy and proper execution of any acquisition initiatives.

Oil and Gas in Africa 2014

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KPMG’s Oil and Gas in Africa Sector Report 2014 explores and highlights the present state of oil and gas in Africa. In light of recent developments, it proposes possible future trends in the sector.