Strategy Consulting in Africa

kikitsos's picture
Rank: Senior Monkey | 82

What is your opinion in strategy consulting in Africa? I know that MBB have offices in S.Africa which cover the whole region. After some search on LinkedIn I saw that the bulk of the employees come from local S.African Universities.
As a European I would be very intrested in spending some years helping some firms in Africa all while getting the pedigree of an MBB, seems much more intresting than staying in EU. Does any of you know what is the situation over there? Does it worth it?

Comments (16)

Jul 18, 2017

You'll most likely do a lot of mining, oil and gas or financial services

Jul 18, 2017

Also interested in that. Is it a valid choice if you want exposure in Africa? How is the recruiting?

Jul 18, 2017

Bump

They say money can't buy happiness? Look at the fucking smile on my face. Ear to ear, baby.

Jul 18, 2017

Development programs IN Africa is jokes!!! Funny enough, a good number of African countries seem to be recession proof and are doing fairly well (Nigeria, S.A, Ghana, amongst a few others). An analyst stint in Africa might not be a bad idea (esp in South Africa).

Back to your original question, I would suggest IMF or world Bank, nonetheless, they prefer master degree candidates.....

Jul 18, 2017

www.kiva.org

check out their fellows program. it's a hot microfinance non profit and you can be one of their fellows in about 50 different countries all over the world. i worked there for 6 months to help out when it was getting off the ground in case you care to know more.

Jul 18, 2017

there are quite a few institutions that work for the economic development of african nations

AfDB (african development bank)
DBSA (Development bank of southern Africa)
World bank
IFC
IMF
PPIAF(public private infrastucture advisory facility)
ICA (infrastructure consortium for Africa)
IBRD (international bank for reconstruction and Development)
EIB (European Investment bank) they do work with african projects
OECD (organisation for economic cooperation and development)

more info on finacial institutions involved in africa can be found at

http://www.avcanet.com/Members-avca.php
Granted a lot of these are not necessarily not for profit but you can still take home the fact that you are helping out in some shape or form.

You guys should not knock working in Africa, I made the move back to my homeland and the opportunities in the financial sector for the richer nations are endless.

Jul 18, 2017

[x]

Jul 18, 2017

I know this is a bit off topic but when I was going through FT recruiting I tried to land a position in SA. However, even with contacts at the VP level I was told they wouldn't interview me due to the fact that it would be a waste of time seeing as I wouldn't be able to secure a work visa anyways. Therefore, how does a white American land a job in SA?

Jul 18, 2017

The market there is still good. And the oil wealth in Nigeria is trememdous. The nigerian government mad more than 15 billion dollars last yea, from Pertrolum taxes on IOCs, And the profits from NNPC

Jul 18, 2017

Do you have any previous experience? In general the international development banks / organisations tend to want people with experience of some sort, they can get the unskilled people locally and that is why these volunteer programs which don't require any specific skills are a bit of a joke and you aren't really "helping".

You would be better off trying to get into some sort of emerging markets team at a BB if you have any regional connections to some part of the developing world, that way you can get some solid experience first and then go into development later on. Also for a lot of them you'll need to have some decent foreign language skills.

The IFC is the most finance orientated place I think, but even to get in at entry level as an analyst you need some sort of work experience.

Jul 18, 2017

I do development in Africa. My company is for-profit. Non-profit is evil. I do Project Finance, asset based LevFin, and Private Equity. I'm on the verge of opening a boutique I-Bank (A joint venture with several banks and a government) for private placements, structured finance, and debt securitization. One of the biggest issues is the lack of long term debt for development. I want buy debt and create CDO's for sale on the world markets. They don't need anymore non-profits, they need bankers and financiers to develop their capital markets, support business development to increase employment, and finance major infrastructure and energy projects.

Jul 18, 2017

...And finance major housing projects...

Jul 18, 2017

There are two ways of getting into business in Africa. First, is starting your own business and identifying local partners for some sort of joint venture relationship. Second, is to know someone who is already doing business in Africa and to be invited in. Because of the pioneering and entrepreneurial nature of the markets in Africa it's a lot like PE in that business is started with networking and then relationships.

the biggest difficulty for Americans, myself included, is patience. Things are done very differently in Africa and often business requires a hands on approach. That means you have to be there in order for things to get done.

You need integrity, patience, diligence, more patience, and creativity to take advantage of opportunities there. You have to be willing to teach and share information because our business technology may be more sophisticated. You have to be willing to trust your partners and have faith (after due diligence and verification of course) that things will come together. there is a positive correlation between your own level of integrity and how much you can trust others in Africa. Our second biggest problem is that we continually to underestimate the intelligence of our foreign counterparts. It's the funny accents if you ask me.

If you want to go and get a job then you need to show enthusiasm for the work, a willingness to get dirty, and preferably an advanced degree in something. From my own observation, "non-natives" (or foreign nationals as opposed to host nation nationals) usually hold consultant jobs.

Jul 18, 2017

^Sounds familiar haha

If I had asked people what they wanted, they would have said faster horses - Henry Ford

Jul 18, 2017
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