Africa is on the cusp of a consumer boom

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.