Financial advisory firm Deloitte has acquired Frontier Advisory to expand its business footprint in Africa.

The company will now be known as Frontier Advisory Deloitte.

“We are excited to have Dr Martyn Davies and his team join us because of their extensive and intimate understanding of doing business in emerging markets. With the acquisition of Frontier Advisory, we are even better equipped to advise inbound investors and intra-Africa investors,” Deloitte Africa CEO Lwazi Bam said.

Davies would continue to be a leading voice in African and emerging market research at Frontier Advisory Deloitte after building a strong reputation as one of the best Pan-African and emerging market thought leaders and commentators in the world during his term as head of Frontier Advisory. He moves across with 12 of his staff.

“I am delighted to join Deloitte and look forward to being a part of Deloitte’s growth in Africa and connecting our continent to the global economy. It is noteworthy that Deloitte has itself been operating in Africa for over 100 years and so I believe the team will be an extremely powerful voice and force in the frontier and emerging markets advisory space,” Davies added.

Bam said this move would “further enhance our offering and ability to deliver innovative ideas and add meaningful insights to our client’s plans to grow in Africa.

“We want to ensure businesses can thrive in these frontier markets and believe the synergies between Deloitte and Frontier Advisory will further enhance our service offering. Our firm has realised impressive growth and we attribute this, in part, to our own expansion on the continent.

“Deloitte is invested in the future of the African continent and, as such, we are particularly excited about the prospects this partnership presents for making a meaningful impact on our clients, governments and communities on our continent,” he added.

Davies highlighted that strategic positioning and networks resided in the expanding collaboration between emerging market economies and the African continent.

“As Frontier Advisory Deloitte we will be able to develop increasingly strategic and bespoke solutions for clients, with the ability to harness Deloitte’s deep global network, providing a new edge,” Davies pointed out.