Tag Archives | consumer markets
Background The global luxury market loosely consists of the following segments: personal luxury goods such […]
Lunch with our Leader: A discussion with Toyin Gbagi on consumer markets investment prospects in Africa
One of our February guests on Lunch with our Leaders was Toyin Gbagi, Partner at KPMG Nigeria. We invited you to present your questions to her on the topic of consumer markets investment prospects in Africa and an enlightening conversation developed. Here are some highlights from that hour, pared down to the meat …
Africa is home to more than one billion people, presenting a massive potential consumer market. Moreover, population growth remains rapid, so much so that the UN forecasts the continent’s population will surpass the 1.5 billion mark by 2030 and the two billion mark 15 years later.
The Malawi Country Focus Seminar is proudly brought to you by KPMG in collaboration with Africa Exchange and in association with the Trade Fairs Department of the SA German Chamber of Commerce.
Seven of the world’s ten fastest growing economies are in Africa, 52 African cities have populations of over 1 million people and by 2040 it is expected that 1.1 billion Africans will be of working age. Africa has 60% of the world’s uncultivated, arable land; 56.7% of the world’s diamond (gemstone) production, 66% of the worlds’ cocoa production, 10% of the world’s oil reserves, 80-90% of the world’s platinum group metal reserves and 40% of the world’s gold reserves.