• About Us
  • Contact Us
Account
GTB
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
No Result
View All Result
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
No Result
View All Result
Account
Ghana Talks Business
No Result
View All Result

Africa ascending

22/05/2017
Reading Time: 1 min read
0
SHARES
Share on FacebookShare on TwitterShare on WhatsApp

Executives who look at traditional media images of African poverty and conflict, and then turn away, are missing an unrivalled growth opportunity in what is tipped to become the world’s leading consumer market. “I think there is a lot of demand which is not served,” says Pierre-André Térisse, food giant Danone’s Executive Vice President for Africa.

For companies considering entry into Africa, opportunities are endless. A happy cocktail of demography, improving living standards and urbanization is set to serve up a growing pool of customers eager to access new products and experiences. Smart businesses are adding an African dimension to their portfolios.

“The biggest threat is not being here,” says Bryan Leith, Chief Operating Officer of KPMG’s Global Africa Practice. “The Chinese and, to almost the same extent, the Indians, are really capitalizing on the African opportunity. The rest of the world tend to be more risk-averse and are holding back, and if they continue to do so, they will find that all the low-hanging fruit has been picked,” says Leith.

Africa’s population is set to grow faster than any other place on earth, from around 1.2 billion people today to double that by 2050. At the same time, urbanization is expected to concentrate consumers with changing tastes and growing income in more readily accessed areas. By 2030, 50% of Africans are expected to live in urban areas, up from 36% in 2010.

“Those people are increasingly urbanizing, having more disposable income and so you have this emerging middle class that is moving out of the subsistence stage into the age of consumerism,” Leith says.
Read More…

Previous Post

Are You A Leader Or A Follower?

Next Post

Promoting Agric Financing in Ghana

Related Posts

Eco currency, ghanatalksbusiness.com

Where is that ONE Currency For ECOWAS?

15/08/2022
Attention management, ghanatalksbusiness.com

Today’s Most Important Skills (Part 1)

10/08/2022
Annuity, ghanatalksbusiness.com, yaw korankye antwi

How to secure your future with an Annuity in Ghana

08/08/2022
IMF Bailout, ghanatalksbusiness.com

Any alternatives to the International Monetary Fund (IMF) Africa should be looking at?

08/08/2022
Hiring mistakes to avoid

3 Common Hiring Mistakes New Managers Should Avoid

01/08/2022
United States-Africa leaders summit

United States – Africa Leaders Summit scheduled for December 2022 in Washington, DC

25/07/2022
Next Post
agricbusiness firms , ghanatalksbusiness.com

Promoting Agric Financing in Ghana

Local sourcing: A multi-billion dollar opportunity for companies in Africa

  • About Us
  • Disclaimer
  • Privacy Policy
  • Advertising
  • Contact Us

© 2021 Ghana Talks Business

No Result
View All Result
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
  • Login

© 2021 Ghana Talks Business

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In