Top 10 African Countries with the Largest Accounting Firms in 2025 | USAEMALL.com

In Summary

• The African accounting and auditing market is projected to be worth $238.06 billion by the end of 2025, having grown from $222.35 billion in 2024. The market is growing at a compound annual growth rate (CAGR) of 7.1%.
• In Africa’s accounting landscape, the “Big Four” firms (KPMG, EY, PwC, and Deloitte) continue to dominate, holding a substantial share of the market, particularly in audit services for top listed companies.
• In Nigeria, KPMG, EY, PwC, and Deloitte reportedly captured over 99% of audit fees from top listed firms, highlighting their strong position.
• The accounting and finance sector in Africa continues to grow, with an estimated 123,000 professionals who are members of professional accounting organizations (PAOs), according to ACCA Global.

Deep Dive!!

Accounting firms are more than number-crunchers; they are strategic partners in Africa’s journey toward financial transparency, corporate governance, and global competitiveness. As African economies diversify and attract foreign direct investment, as highlighted in our previous article titled; Top 10 Development Finance Institutions (DFI) in Africa 2025, the demand for reliable auditing, tax advisory, risk assurance, and business consulting services is growing at a record pace.

According to the African Development Bank, the continent’s formal economy is projected to expand by over 4% in 2025, fueling increased need for trusted financial intermediaries that can uphold global compliance standards while navigating complex local regulations. The accounting and auditing market, projected to be worth $238.06 billion by the end of 2025, having grown from $222.35 billion in 2024, is a major driver for African economic growth.

Growing at a compound annual growth rate (CAGR) of 7.1%, the sector is becoming a major driver for the African economy, especially in supporting SMEs with internal controls and guiding multinationals through regional tax regimes. Many of these are also part of global networks, including PwC, EY, Deloitte, and KPMG, which leverage international expertise while developing deep local insights.

Across the continent, the leading firms are reshaping the business environment through transparency, innovation, and talent development. This list highlights the top performers in 2025, based on revenue, client base, regional footprint, and industry impact.

10. Kenya

Kenya leads in East Africa, KPMG East Africa, Deloitte Kenya, EY, PwC Kenya, and RSM East Africa all maintain significant operations. KPMG operates as a regional hub covering DRC, Rwanda, Uganda, Tanzania, and South Sudan, with consolidated services and technology-backed advisory capabilitie. RSM Africa posted revenue nearing $39 million for 2024, led by East African engagement growth (33% tax revenue, consulting up 17%). These firms serve top trilateral engagements across public and private sectors, with increasing demand for IFRS implementation, audit reform, tax compliance, and technology advisory.

9. Uganda / Rwanda (tied)

Though smaller than Kenya, both Uganda and Rwanda are included within the KPMG East Africa cluster and benefit from regional spillover of audit, tax, consulting, and risk services. KPMG’s footprint across these nations enables shared governance infrastructure and stronger client reach in regional capitals.
RSM’s expansion via its East Africa transfer pricing hub and Regional Development Consulting hub in Mozambique supports a portfolio of middle‑market clients across these nations, enhancing cross-border service delivery.

8. Ghana

Ghana hosts local branches of the Big Four, PwC Ghana, KPMG Ghana, EY Ghana, and Deloitte Ghana are serving multinationals, banks, telecoms, and public sector clients. While specific Ghana-only revenue data is limited, the Big Four dominate audit and advisory engagements across the capital region. Smaller networks such as BDO and Grant Thornton also provide advisory services to SMEs and civic institutions. The expansion stems from rising demand for regulatory compliance and international transaction support.

7. Côte d’Ivoire

Ivory Coast is a former PwC francophone Africa member market, though PwC severed ties in 2025 amid strategic retrenchment in risky jurisdictions, including Côte d’Ivoire, allowing successor ventures (Vinka, Mansa) by former PwC partners to take over regional mandates. KPMG and EY continue operating via West African clusters, while Deloitte also maintains presence, serving trade, infra, and energy sector clients. Market complexity and regulatory reform dynamics drive demand for seasoned audit and advisory services.

6. Nigeria

Nigeria remains the single largest market in West Africa. In 2024, Big Four audit fees totaled N28.2 billion (approximately $14.4 million), with KPMG leading at N9.57 billion and EY at N8.03 billion, together monopolizing approximately 99% of the audit market. Beyond auditing, these firms now dominate advisory, tax consulting, valuation, and cybersecurity services. RSM, BDO, Grant Thornton, Baker Tilly, and Nexia Agbo Abel & Co provide specialized support to SMEs and mid-size corporate clients. Nigeria remains a core pillar in Africa’s accounting ecosystem.

5. South Africa

The Big Four have deep-rooted, high-revenue operations in South Africa. Deloitte SA, EY SA, PwC SA, and KPMG SA serve JSE-listed firms, mining, banking, and government clients. PwC Africa alone recorded R11 billion (approximately $600 million) in revenue, Deloitte approximately $7.2 billion, and KPMG SA R2.2 billion in 2022. Mazars, BDO, PKF, Grant Thornton, and others form a strong mid‑tier offering. The sector is highly regulated through IRBA, with audit quality and ethics under scrutiny, leading to market consolidation and structural reform.

4. Tanzania

Part of the KPMG East Africa cluster, Tanzania benefits from central service delivery hubs. Big Four firms provide audit and advisory to large corporates, telecoms, and government programs. RSM’s regional presence supports cross-border clients, contributing to regional integration projects and development sector audits. The network’s rapid growth in East Africa has pushed demand for digital-focused compliance and risk advisory services.

3. Rwanda

Although small, Rwanda is a strategic hub within the KPMG East Africa cluster, offering governance and financial advisory to public and private sector clients. Business reforms and digitization programs, such as Irembo create high demand for external audit, risk consulting, and compliance services. RSM’s regional expansion further supports add-on services across member states.

2. Egypt

While global data lacks granularity, EY and PwC Egypt operate robust practices serving multinational corporations, public sector entities, and finance institutions. RSM and Grant Thornton also serve SMEs and cross-border clients. Egypt’s economic scale, international trade volume, and tourism-linked business sectors generate substantial demand for audit, advisory, tax structuring, and risk management services.

1. South Africa

South Africa stands as Africa’s most mature and highest-revenue market for professional accounting services. Deloitte, PwC, EY, and KPMG dominate audit, tax, advisory, and risk sectors, with combined regional revenues amounting in the billions ($600m+ PwC, $7bn+ Deloitte). Regulatory scrutiny and the need for global standards have driven market concentration around these firms, while mid-tier networks such as BDO, Grant Thornton, Baker Tilly, and Mazars maintain stable presences serving SMEs, non-profits, and public entities.