The Company Landscape
According to data collected from the CQ Global Directory, Large Consulting Firms (with 1000+ employees) make up 29% of the consulting firms in Africa. This figure is significantly higher than the global average, which is estimated to be around 10%, meaning Large Global Consulting Firms are over-represented in Africa compared to the rest of the world.
Despite the strong presence of foreign companies in the region, 57% of the consulting firms are in fact only based in Africa, and almost half of the companies have less than 50 employees. This shows that smaller niche local companies are on the rise.
More insights on why large companies make up one-third of the consulting firms in Africa will be presented in the next two issues, in which we will look into the Industries and Capabilities of the consulting offering in the region.