Capturing Africa’s High Returns
Over the next 12 years, Africa's expanding population and strong economic growth across globally competitive sectors could translate into especially high returns for investors. If Western firms do not step in to meet the consumer demand of Africa's growing middle class, their Chinese competitors will.
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WASHINGTON, DC – Since 2000, at least half of the world’s fastest-growing economies have been in Africa. And by 2030, Africa will be home to 1.7 billion people, whose combined consumer and business spending will total $6.7 trillion.