• Strong demand for RSM’s services positions Africa as the organisation’s second fastest-growing region
• RSM in Africa achieves double-digit growth across all service lines, with the adoption of new technology improving operational efficiency
• Cross-border collaboration continues to drive growth within the region

RSM, the leading provider of assurance, tax and consulting services to middle-market businesses, has today announced revenues of US$39.4mn in Africa for the 12 months to December 2024*.

The results amount to year-on-year growth of 17%.

RSM in Africa achieved double-digit growth across all service lines, driven by the agility and responsiveness of its Member Firms in seizing new opportunities. Strategic development of new and existing technology which included increased focus on data analytics to enhance insights and operational efficiency, has driven this growth. including the maximised use of a tax app in Eastern Africa.

Cross-border collaboration continues to underpin RSM Africa’s success. The transfer pricing hub based at RSM Eastern Africa¹ has enabled member firms to deliver high-margin compliance services to meet clients’ expectations. Further consulting capabilities has been strengthened with the creation of a Regional Development Consulting Hub operating from RSM Mozambique².

Regional fee income for tax services rose by an impressive 31%. Growing demand for consulting services, marking a 17% increase from the previous year, driven by the increasing sophistication of economies across Africa and improvements in governance standards.

Clive Betty, Regional Leader - Africa, at RSM International said: “This year’s results are a testament to the value we are bringing to a core part of the economy in Africa. Middle-market businesses have unique challenges and opportunities and we are extremely well placed to provide international and specialist support in that space. RSM is the ‘go-to’ firm for the middle-market in Africa and we are committed to maintaining that reputation.

“Our regional results demonstrate the effectiveness of using technology and regional collaboration to service our clients and provide solutions to take advantage of opportunities and address the challenges in Africa. As we look forward to 2025, our focus remains on further building this solid foundation, meeting our clients’ expectations and aiming for greater growth through strategic initiatives and continuous innovation.”

A strong financial year in Africa adds to RSM’s global success, with the global organisation announcing worldwide revenues of US$10 billion for the 12 months to December 2024**.

The results amount to year-on-year growth of 6% and make RSM only the sixth global accounting network to exceed combined fees of $10 billion.

Global fee income for assurance services grew 15% to US$3.2bn, while RSM’s tax revenues rose by 11% to US$2.9bn, marking a second year in succession of double-digit growth. Global consulting revenue remained consistent with US$3.9bn, proving to be RSM’s strongest performing service line overall for a third year in a row.

E.J. Nedder, CEO of RSM International, said: “The combined revenues recorded by our organisation are testament to the value our Member Firms bring to a core part of the global economy, and underpin the vision of RSM’s 2030 global strategy. Our seamless and specialist cross-border solutions enable both middle-market and internationally active businesses to navigate challenges and build upon opportunities with confidence.

^{1.RSM Eastern Africa LLP}

^{2.RSM Moçambique, Lda}

^{*2023 regional fee income was US$39.4mn 
**2023 global fee income was $9.4bn  
All figures and growth percentages use constant currency exchange rates.}