Africa is on the cusp of a consumer boom
Now is the time for businesses to invest
Now is the time for businesses to invest in Africa and those that wait too long risk missing out, according to a new report from Deloitte, the business advisory firm. Africa: A 21st Century View notes that Africa has many opportunities and is relatively untapped by both UK businesses and investors, particularly in the emerging consumer sector.
- Africa’s economy predicted to grow by $1.1 trillion - around 50% - to $3.7 trillion by 2019
- Over half a billion Africans predicted to be middle class by 2030
- Over next five years 15 African countries likely to outpace Chinese growth
- Eight of Africa’s 12 fastest growing economies were not dependent on oil or mining in 2013
Read the full release here to learn more.