Africa is on track to become a global consumer-spending powerhouse

[babu M]

Africa is on track to become a global consumer-spending powerhouse as fast-growing economies, urbanization and increases in disposable income take hold. African consumer spending will be about 40% of U.S. expenditure in five years’, compared with 20% two decades ago, according to Jacques Nel, an economist at NKC African Economics. The continent’s potential workforce will probably be larger than Asia’s by the end of this century, United Nations data show.

Source: Bloomberg

 

[vvm]

Good no we should focus on producing our own items!!

 

[emalau]

Being on the consuming end is not something to be celebrated unless it goes end in end with innovation to be on the producing end as well.

 

[Proved]

Good no we should focus on producing our own items!!

👊👊👊

 

[Hismastersvoice]

Africa is on track to become a global consumer-spending powerhouse as fast-growing economies, urbanization and increases in disposable income take hold. African consumer spending will be about 40% of U.S. expenditure in five years’, compared with 20% two decades ago, according to Jacques Nel, an economist at NKC African Economics. The continent’s potential workforce will probably be larger than Asia’s by the end of this century, United Nations data show.

Source: Bloomberg

China you're our best friends since Comrade Mao your products are superb our people like them and we ask your great leader to build us CHUO CHA SIASA, China you are great! Welcome aboard.