Africa is booming. Indeed, over the past decade, it has been among the fastest-growing regions globally. As a result, the continent offers new opportunities for investment and sales. This article examines the growth and market potential of selected African economies, with a focus on clothing and textile opportunities.
According to a report recently released by the Boston Consulting Group, “with seven sub-Saharan African countries ranking among the 10 fastest-growing economies in the world, many retailers consider the region the ‘next big thing’. It is urbanising at a rate of 3.61%, faster than any other region in the world, with GDP growth close to 6%”.
Read the full article in the Cape Clothing and Textile Cluster newsletter.