Tag Archives | purchasing power
Africa is no longer just a curiosity, it is a big source of profit. Boasting GDP growth of more than 5% over the past decade, a population of over 800 million and a total purchasing power of 1.9 trillion US dollars. With growth of any financial services sector really intertwined with that of any economy, it’s not hard to see the appeal that this sector, and investing in it, offers. Once this investment gets made, it then triggers a vicious circle where financial services plays a critical role in unlocking Africa’s full potential.