African CEOs remain confident in growth, but economic uncertainty, AI readiness will shape next phase of investment – KPMG
A KPMG report shows that African CEOs remain ambitious despite economic uncertainty. About 66% of these leaders express confidence in the global economy, which is similar to the global average. Confidence in their own domestic economies is higher at 72%. Additionally, 79% of CEOs believe in the growth prospects of their specific organizations. The findings suggest that while ambition is strong, the ability to execute plans is becoming more important. AI readiness is expected to influence the next phase of investment.
The findings point to a business environment in which ambition remains strong, but execution is becoming increasingly important. While 66% of African CEOs are confident in the global economy, broadly in line with the global benchmark of 65%, confidence in their domestic economies stands at 72%. A further 79% are confident in the growth prospects of their own organisations.