Kroll, the world’s leading business intelligence and investigations consulting firm, has described the Kenyan market as an exciting and dynamic opportunity for Kenyan and international investors alike.
Speaking recently at an event in Nairobi, Kroll’s senior consultant for Africa, Rt Hon Mark Simmonds, commented:
Kenya is a bright spot amongst emerging market gloom. International and regional investors are attracted by Kenya’s increasingly diverse economy, highly skilled workforce, stable currency, largely business friendly government, and advanced levels of integration with the wider regional East African trading bloc. As a net energy importer Kenya is also well positioned to benefit from low oil prices that look likely to persist through 2016, with the country’s balance of payments strengthening and current account deficit reducing as a result.
Kroll’s recent work in Kenya has focussed not only on inward investment into the country, but also on supporting Kenyan private sector businesses as they expand into new markets in Africa. Kroll has assisted these Kenyan clients in navigating the dynamics of their new markets, assessing the reputations of their acquisition targets and joint venture partners, and conducting investigative and integrity due diligence on their counterparties.
In addition, Kroll helps investigate and recover funds for public sector, parastatal and private sector clients in both national and complex cross border investigations.
As Kenya moves rapidly towards becoming a digital economy – the Kenyan government has announced its intention that “cashless” payments will be the norm by 2020 – Kroll is also seeing increased demand from Kenyan clients for its suite of services in the cyber security space, in both cyber security and systems audits, and bespoke cyber investigations. Kroll is keen to support the digitalisation of the Kenyan economy and, by helping make it safer, be part of its success.
Kroll has been operating in sub-Saharan Africa for over two decades, helping clients worldwide deal with critical issues including investment strategy and deal structuring, regulation, local content, compliance issues, dispute resolution and financial crime.
“Our experience in Africa has given us the commercial expertise, local knowledge and range of contacts to provide advisory services tailored to the specific needs of each client” added Alexander Booth, Associate Managing Director, Kroll.
Who Kroll works for:
o African governments and government agencies
o Banking and financial services
o International and African corporates
o Private equity and hedge funds
o Donors and development finance institutions
o High net worth individuals