Tag Archives | consumers
Nigeria’s extremely large, youthful and increasingly urbanised population is helping to support a growing national fast moving consumer goods (FMCG) sector. Food, beer, soft drinks, personal care and home care are the primary categories of FMCG, and all of them burgeoning in this rapidly emerging, growing consumer nation, presenting attractive investment opportunities for businesses prepared to saddle the risks in light of the attendant rewards.
Africa Brief: Standard Bank expands in Africa, IMF urges Sudan to set aside more for the needy and more
Standard Bank opened a representative office in Cote d’lvoire yesterday, taking its footprint to 19 African countries. The representative office, based in Abidjan, “signifies a deliberate drive by Standard Bank into the West Francophone Africa region”, it said.
Africa Brief: Africa falls far behind in mobile broadband access, Famous brands gets big in Nigeria and more
Whereas the rest of the world prepares to introduce and welcome 5G communications technology, most of Africa is still struggling to launch 2G, let alone 3G technology in their markets which is already behind the LTE and 4G in uses around the world. While Africa is the most rapidly growing market for mobile technology, it still has one of the lowest penetration rates.
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 …