Sonia Galat, Co-founder and Director of Africa Business Venture spoke to two leading businesswomen, Dianna Games and Bolaji Sofoluwe, about the challenges and the opportunities that companies can have in the dynamic consumer markets of Nigeria and South Africa – the two of the largest consumer markets in the continent.
Business insights
Despite Covid -19, the construction industry is still a growing market. By 2024, it expected to grow by 6.4%. Having the right support and local contacts are important to enter the market effectively.
Made of 20 countries, East Africa has witnessed an impressive real estate boom which has changed the region’s skylines, transforming its landscape.
After many years of drafting the treaty, the Africa Free Trade Continent Agreement finally debuted on 1st January 2021. This is a major step forward for the continent, given their incredible range of natural resources, this will widen business opportunities and partnerships between countries.
Apart from the African pride at the position being filled by the first black vice president, countries across the continent of Africa have shown a positive response to the developments in the US. Some even saw it as a “relief” while some have expressed hopes for greater cooperation with the US at the “economic” level
In the last two decades or so, the continent of Africa has seen a radical rise of the middle class across countries and with that, increased consumer spending.
Technology is disrupting economies globally, more so in African countries. And positively so. Having lagged in innovation in the past, African countries have been better placed this time to leverage technology, allowing them to leapfrog several development stages that are typically de rigueur in other spheres.
With 54 countries, Africa offers plenty of opportunities for companies looking for growth. Nevertheless, as much as Africa may seem familiar to us, it might sound to be a daunted task to determine...
As African consumers are largely under-served, the saturation for new products has not been reached yet. There are many opportunities for companies looking to tap into the very dynamic consumer goods sector.
Our Top tender summary gives you the opportunity to review the main business opportunities happening across various industry in various region in Africa.