The third edition of the KPMG Africa CEO Outlook has found that African business leaders are optimistic about their growth prospects, despite economic uncertainty. The survey of 176 leaders from the continent's largest companies revealed that 79% are confident in their company's growth prospects, while 72% are optimistic about their country's economic growth. This optimism is reflected in the fact that 86% of respondents reported an increase in revenue in the previous year.
The survey also highlighted the importance of resilience in the face of uncertainty. Leaders identified the resilience of operations, data, and supply chains as a key component of their growth strategy, rather than just a risk to be managed. Cybersecurity and data security were cited as major threats to growth, with 31% of respondents naming them as a top concern. This concern is likely driven by the increasing reliance on technology and data in business operations.
The survey also explored the role of technology and artificial intelligence (AI) in business growth. While 72% of respondents identified AI as a priority investment area, only 14% believed that their organization is keeping pace with AI developments or ahead of the curve. This suggests that there is a significant gap between ambition and maturity when it comes to AI adoption.
The KPMG Africa CEO Outlook also found that talent development is a key priority for business leaders. 84% of respondents expect to increase their workforce over the next three years, and they highlighted the need to strengthen skills and competencies. This is likely driven by the need to adapt to changing business environments and technological advancements.
The survey was part of the 12th edition of the KPMG CEO Outlook, which gathered responses from 1,400 business leaders worldwide between August 11 and September 21, 2026. The KPMG Africa CEO Outlook provides insights into the key issues shaping the business environment in Africa, and is part of KPMG's efforts to support business leaders on the continent.
KPMG One Africa, which represents the firm's operations in southern, eastern, and western Africa, commissioned the survey. The firm has also established a presence in French-speaking Africa, with member firms operating in 20 countries across the region. KPMG's global network of independent firms is affiliated with KPMG International Limited.
The survey's findings have significant implications for business leaders and policymakers in Africa. As the continent continues to navigate economic uncertainty and technological change, business leaders will need to prioritize resilience, talent development, and AI adoption to remain competitive. The KPMG Africa CEO Outlook provides valuable insights into the key issues shaping the business environment in Africa.
Key points
- African business leaders are optimistic about growth prospects, but face challenges in terms of economic uncertainty, AI maturity, and talent development.
- Resilience is a key component of growth strategy, with leaders prioritizing the resilience of operations, data, and supply chains.
- AI adoption is a priority investment area, but there is a significant gap between ambition and maturity.
