Despite cultural and regional factors having an impact on consumer spending patterns and trends, one generally finds quite a strong positive relationship between income per person and consumption per capita for various goods irrespective of these other factors.
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One of the most potent dangers to West Africa’s stability is the huge surge in drug trafficking and other criminal activity over the past decade. The region has become the conduit for narcotics from Latin America to Europe, while opiates from Afghanistan and Pakistan arriving via East Africa, are sent on to the US from West Africa after being cut and packaged.
The emergence of African cities is the highest form of social organisation, often associated with advancing human development with cities incorporating economic, cultural and political factors. For instance Lagos in Nigeria has boomed from 300 000 inhabitants in 1960 to over 17 million today and Johannesburg is the largest city which boasts some of the richest mineral deposits the world has ever seen …
Gross domestic product (GDP) and gross national product (GNP) are widely used to indicate the […]
In September 2015 member States of the United Nations adopted 17 new Sustainable Development Goals […]
In 2Q2014, Nigeria emerged as Africa’s largest economy with an estimated GDP of $479 billion, […]
Oil and gas is of critical importance to the African economy. In fact, it is […]
KPMG Africa has collaborated across our healthcare practices in West, East and Sub-Saharan Africa to […]
Though Africa has been described as the last frontier market for natural and mineral resources, […]
Investment rules Investment in Nigeria is regulated by the Nigeria Investment Promotion Commission Act 1995. […]
Automotive Manufacturing Plants prepare to expand in Africa While the South African automotive market looks […]
Africa’s economic growth and performance has improved greatly since the turn of the century, leading […]
Several African countries are expected to see substantial expansion in their agricultural sectors over the medium to the long term because of an abundance of unexploited arable land, government reform programmes, political stability, public and private investment, and/or improved infrastructure. The East African Community (EAC) has a good share of the top ranking nations in this regard; while Uganda’s expansion is not expected to be so strong over the next five years, Kenya, Mozambique, Rwanda and Tanzania however are all countries with promising prospects in the nearer future.
Africa has vast agricultural potential, but there is a large leap from the current system, dominated by small-scale and subsistence farming, to commercial farming where the benefits of economies of scale can be reaped. Nevertheless, the answer lies not only with commercial farming, but also in reducing the potential that goes to waste with small-scale farmers’ lack of access to stable markets, technology and finance.
Driven by strong population growth, a growing middle class, and a dynamic private sector, the beer industry in Kenya has taken off in impressive ways, and is promising of even further developments in the coming decade. The potential risks however to be factored in by stakeholders is inflation and tax increases.
Inclusive economic growth is growth that leads to job creation, causing a ripple effect on the purchasing power of the majority of the populace. The private sector, and in particular small and medium enterprises (SMEs), are the drivers of an economy. SMEs are also the largest providers of direct employment and inclusive growth can be achieved through promotion of policies that would drive their development.
Booming West African cities such as Lagos, Abuja and Accra have received a great deal of attention and FDI over the past decade in response to their population growth, economic growth, dynamism and promise. While we expect to see these cities continue as primary investment destinations, domestic and foreign investors alike are always looking for the next big thing – those up-and-coming cities that will rise to prominence ten years from now.
Unlocking Africa’s agricultural potential is key to allowing the continent’s growing population to benefit from the available resources.
French beverage giant Castel, which bottled its first batch of Ethiopian wine this year, is helping change the way outsiders view the country.
Despite many African countries starting to enjoy higher levels of economic growth in recent years, very little of this growth can be attributed to the manufacturing sector of any African country.
Middle East airlines are benefiting from the fact that African nations are not taking advantage of the increase in air travel demand.
In 2008, GDP fell more than 1 percent due to declining tourism opportunities and the initial effects of liberalisation, but the economy recovered in 2010-11 after the reforms took hold and tourism increased.
Nigeria has so far managed to avoid going the same way as the “fragile five”, namely India, Indonesia, Brazil, Turkey, and South Africa, when it comes to being a prosperous emerging market.
The African Development Bank Group (AfDB) is leveraging support to Zambia’s National Agriculture Investment Plan (NAIP: 2014-2018) with the approval of a US $31.12 million (UA 20.54 million) grant from the Global Agriculture and Food Security Programme (GAFSP), to support its agriculture value chain development project.
Plans to build a platinum refinery in Zimbabwe have been boosted after mining companies met the deadline for submission of construction and development proposals set by the Zimbabwean government.
All mining operations in the country are to be reviewed and those not in the best interests of Mali are to be renegotiated, said Mines Minister Boubou Cisse in September of last year. Cisse was speaking a month after President Ibrahim Boubacar Keita came to power and announced his party’s commitment to weeding out corruption.
Botswana, a middle-income nation, has one of the fastest growing economies in the world today. It has enjoyed an excellent record of political stability since independence in 1966, a consistent focus on education investment has led to high education levels, and the country has one of sub-Saharan Africa’s highest investment grade sovereign credit ratings.
We summarise the most significant tax changes brought about by the Finance (Miscellaneous Provisions) Act 2013 which came into force in Mauritius on 21 December 2013.
Africa Brief : African risks ‘no different to emerging world’, Chinese bank to fund Kariba and more…
Operating in Africa is not without its challenges whether it is local infrastructure, fragmented regulations or unreliable systems, but this is just normal in the course of doing business according to Procter & Gamble MD. The global consumer goods has grown tremendously in the past decade.
With 11.5 million people, one-half of which are concentrated in small urban zones, Zambia […]