"If you haven't invested in Africa in 2015, you will kick yourself in a few years" - Ashish Thakkar
The Realities of Africa
- The rise of the African Middle Class is expected to fuel consumption growth. This will provide a considerable opportunity to invest and meet the burgeoning demand.
- McKinsey projects that, by the year 2030, the top 18 cities in sub-Saharan Africa will have a combined spending power of $1.3 trillion.
- Africa’s retail banking sector is projected to grow 40 percent by 2020.
- In 2012, Deloitte declared Africa “at the start of a 20- to 30-year infrastructure development boom.”
- Mobile penetration in Sub-Saharan Africa is expected to increase from 52 percent in 2012 to 79 percent in 2020.
- In Africa, the proportion of web-browsing using mobile technology relative to fixed lines is the highest in the world.
- SMEs (small and medium-size enterprises) are responsible for roughly 40 percent of GDP and 50 percent of jobs on the continent.
AFRICA STANDS FOR DEVELOPMENT, DEDICATION, DETERMINATION & RESULTS
Africa of Opportunities
- 1.1 Billion – Africa’s working population will be largest by 2050
- 53% – Project economic growth in 2014
- Africa will account for around 40 percent of world population by 2100.
- Sixty percent of Africa’s population are under 24 years old and close to 70 percent under 25, making Africa the youngest continent in the world.
- 7 out of 10 of the world’s fastest growing economies are in Africa