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Economic growth in Africa prompts investmentGrowth for the African continent is viewed as extremely positive for 2017/2018, with growth rates ahead of those for individual country economies. Vuma Reputation Management Africa business director, Nonye Mpho Omotola, our #AfricaAchiever this month, cites the “favourable” outlook with expected economic growth of just under 4.9% GDP (East Africa sits at 5.3% growth), with their decision to expand onto the continent. In fact, Africa is still a popular investment destination for multinationals, says Stefano Niavas, managing director of BCG South Africa. Africa's aspirant middle class and a private consumption increase of 5% per annum to $1.25 trillion in Africa's eight largest markets, is an attractive proposition. And while there remain very real complexities in navigating Africa's diverse markets, BCG has tracked how the most successful companies in Africa plot their investment to show growth. Peter Vieria of Nashua Africa Expansion Division goes further, saying “business opportunity in Africa is booming”: “As the international market continues to plateau, venturing into Africa is a formidable prospect for local businesses looking expand in 2017.” Finally, it seems to be Africa's ‘time'. To subscribe yourself or colleagues to the daily or weekly Africa newsletters which focus on media and marketing and business-to-business news from the continent, click here.Have a great week! Louise Marsland Africa Editor: Bizcommunity.comComment online in our ed's column archive. Go mobile with apps and m.bizcommunity.com. Engage with us on Twitter, Facebook, LinkedIn and Google+. Subscribe to YouTube and via RSS. Send all your African marketing and media news and event invitations to africanews@bizcommunity.com, exclusive opinion pieces to contributors-africa@bizcommunity.com and international news to internationalnews@bizcommunity.com. Read "How to contribute to Biz, from op-ed pieces to news". | Today's top stories |
| | [Stefano Niavas] Many challenges, greater rewards: Drawing a route to market for multinationals in Africa... read |
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| | | Louise Marsland Bizcommunity Africa's #AfricaAchiever is Nonye Mpho Omotola, business director of Vuma Reputation Management's new Africa division, established to drive expansion on the continent... read | | | Africa Business Radio launches new show to unpack Africa's reputational challenges and opportunities... read | | | AfricaCom, Africa's leading media, telecoms and technology show celebrates its 20 year anniversary this year.... read | | | In today's on-demand retail landscape, manufacturers are undergoing massive changes to meet customers ever-increasing expectations... read | | | Khangelani Dziba Khangelani Dziba writes that brands giving consumers experiences as a way of marketing their brands, building brand love and affinity is definitely one that needs to start dominating the discourse of most marketers... read | | | | Social networks have made more gains as news sources for Americans in 2017, according to a study released Thursday suggesting more woes for traditional news organisations... read | | More International | |
| | Facebook has rolled out its Developer Circles in Durban, Cape Town, Johannesburg, and Pretoria.... read | | | Sophisticated international trafficking of ivory in central Africa is being fuelled by high levels of corruption, according to a report published on Thursday, 7 September... read | | | Sapp states commissioned 4,180MW of new generating capacity from new projects and rehabilitation of old power plants compared to a targeted 3,757MW last year... read | | | After announcing its 10-year growth plan for its African business in 2012, Syngenta is now halfway through its journey... read | | | Timothy Olobulu The Ministry of Sports and Kenya Airways have entered a one-year renewable partnership that will see the national carrier become the official airline for all Kenyan teams travelling outside the country... read | |
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