BUSINESS DAY TV: Access to a wide market via Kenya, Nigeria and Morocco
Andrew Darfoor, CEO of Alexander Forbes, speaks to Business Day TV about how the group plans to grow its operations outside of SA through small acquisitions
Andrew Darfoor, CEO of Alexander Forbes, speaks to Business Day TV about how the group plans to grow its operations outside of SA through small acquisitions BUSINESS DAY TV: Alexander Forbes is looking at a number of acquisitions in Africa as it looks to expand its emerging-markets presence. To talk strategy, we’re joined by the CEO Andrew Darfoor. Andrew … so you’ve decided to look for bolt-on deals rather than big transactions. Walk us through that rationale. ANDREW DARFOOR: Sure, thank you and it’s a pleasure to be talking to you today. When we look at the Alexander Forbes story right now, roughly about 6% of our group is rest of Africa, or what we call emerging markets. We certainly have an aspiration for that to be a much larger component of the group, maybe 10% or above in the next three to five years. The logic behind this is that when I look at the continent of Africa as a whole there are strong structural growth opportunities, strong GDP opportunities, urbanisation and crea...
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