Rwanda Among Top 15 Retail Investment Destinations in sub-Saharan Africa Filed in: east africa, rwanda, retail, investment, africa
Consulting group A.T. Kearney's 2015 African Retail Development Index ranks the leading current and potential retail expansion destinations in sub-Saharan Africa. Leading the pack is Gabon because of its high rate of urbanization (86%) and high GDP per capita. For its part, Rwanda ranks seventh on the index -- down...
Companies Expanding in Africa Filed in: economic growth, boston consulting group, africa, kenya, facebook, airbnb, ibm, starbucks, fdi, investment
Consulting firms from McKinsey & Company to the Boston Consulting Group have touted sub-Saharan's investment opportunities, and now large companies from the West are following suit. Recent investment announcements are highlighted below. Airbnb: The number of people staying in Airbnb homes in Africa has increased 257 percent, with Johannesburg and...
Sub-Saharan Africa Most Optimistic in the World Filed in: growth, africa, economic growth, economy
Bloomberg reports that residents across Africa tend to be more optimistic about their domestic economies than in other regions. Nigeria is the most optimistic with people in Burkina Faso and Ethiopia also perceiving economic progress in their countries. In contrast, individuals in the developed world tend to be pessimistic...
Facebook in Africa Filed in: tech, africa
Recognizing the massive untapped market opportunity in Africa’s 1 billion people, Facebook has decided to establish an office in South Africa. According to Bloomberg, there are only 120 million or just .12% of the African continent’s population on Facebook. The tech giant will face challenges as it looks to...
Africa Economic News Update Filed in: africa, rwanda, fdi, economic growth
Analysts Raise Expectations for Economic Growth in Sub-Saharan Africa, Though Commodity Prices Pose Threat for Future, International Business Times Economic growth in sub-Saharan Africa is expected to rise this year and reach 5.4 percent in 2016, far outpacing the global 3.8 percent. Taken as a whole, the continent of Africa is...
Investment in Africa Continues to Gain Traction in the US Filed in: africa, fdi, investment
As an example of how Americans are increasingly seeing the opportunities present south of the Sahara, Minnesota’s Star Tribune newspaper recently reported on the continued engagement of the state’s business sector with the region. “As a giant middle class gradually rises across Africa...