Deloitte strengthens presence in Zambia with new expanded offices
Lusaka, 27 March 2013: Professional Services Firm, Deloitte Southern Africa has just reinforced its position in a key mining and agricultural Southern African economy, Zambia, with the opening of new expanded offices in Thabo Mbeki Road in the capital Lusaka.
“The main driver behind the office move was a desire to provide superior service to clients through being better positioned and in closer proximity,” says Chisanga Chungu, the Managing Partner of Deloitte Zambia, who leads the practice.
The location of the office is influenced by the development taking place around the Central Business District of Lusaka. The offices are located 5 km from the CBD and in close proximity to both government departments and major corporate head offices.
Lwazi Bam, CEO of Deloitte Southern Africa says the company sees East and Southern Africa as key drivers of growth on the continent, where the company is recognised as a top revenue earner in the professional services industry with revenues of $664 million in 2012.
Deloitte Zambia boasts offices in both Lusaka and Kitwe, with almost 100 dedicated professional staff providing world class services across Audit, Tax, Financial Advisory Services and Consulting.
Deloitte is one of the oldest established professional services firms in Zambia and is considered a leader in its areas of expertise. Chungu says since 1931, the national practice has grown alongside the economy and aspirations of Zambia. Today, it is a large and experienced firm providing services to a wide range of clients in all regions of the country, including government, public institutions, international donor and development institutions, and the private sector.
The Zambian economy offers a compelling case for increasing investment, starting with GDP that is set to grow at 6.9% in 2013 and set to reach 8% between 2014 and 2016. Investment in power, roads and mines continues to grow rapidly and the completion of major projects at the Kansanshi, Lumwana and Konkola mines will make the country an influential producer of copper, cobalt, nickel, gold and uranium.
Agriculture is also expected to grow steadily, driven by government support, incentives and vast natural resources. Manufacturing is expected to grow to meet the demands of a growing domestic market.
Deloitte’s presence in Zambia is further strengthened by its acquisition last year of mining services company Venmyn Rand to form Venmyn Deloitte. This acquisition will see the establishment of a new technical and economic mineral advisory business.
Venmyn has a long list of client in the mid cap mining sector and over the past three years alone, undertook a number of important projects in the copper, cobalt and gold sectors in Zambia.
“Deloitte’s commitment to Africa is evidenced by our long-established presence on the continent as well as our creation of a central point of co-ordination in Johannesburg for strategic clients and projects,” says Bam.
“With African economies set to continue growing faster than many developed economies and, with shifting trade patterns towards China and India continuing to gain momentum, we are ideally positioned to partner with our clients as they harness this wealth of opportunity, says Bam.
Deloitte has had operations in Africa for well over 100 years and recently opened new practices in Ethiopia and South Sudan and Libya.