Comments on: Africa-doing well, risks remain http://blogs.reuters.com/globalinvesting/2010/05/26/africa-doing-well-risks-remain/ Insights behind the investment headlines Wed, 16 Nov 2016 21:43:49 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: badra818 http://blogs.reuters.com/globalinvesting/2010/05/26/africa-doing-well-risks-remain/comment-page-1/#comment-3663 Wed, 26 May 2010 19:54:31 +0000 http://blogs.reuters.com/globalinvesting/?p=3677#comment-3663 Here’s an excerpt from Today’s (May 26, 2010) edition of the Wall Sreet Journal discussing this same trend, a rising Middle Class in Africa!
“Foreign consumer-goods companies including Coca-Cola Co., NestlĂ© SA and Unilever PLC have been in Africa for decades without much competition from local players. Now, home-grown companies are expanding aggressively across the continent, eager to accommodate a growing middle-class among the billion-person population.”

“Among the most prominent of these consumer upstarts: African retailers such as Nakumatt Holdings Ltd. of Kenya, the top supermarket chain in East Africa, MTN Group Ltd., Africa’s largest cellphone provider, and South African restaurant chain Spur Corp. Nakumatt has expanded into three neighboring countries while 348-restaurant chain Spur has opened in seven other African countries.”

http://online.wsj.com/article/SB10001424 052748704912004575252593400609032.html?m od=rss_whats_news_us#project%3DSLIDESHOW 08%26s%3DSB10001424052748704026204575266 923888531694%26articleTabs%3Darticle

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By: AlyKhanSatchu http://blogs.reuters.com/globalinvesting/2010/05/26/africa-doing-well-risks-remain/comment-page-1/#comment-3662 Wed, 26 May 2010 16:22:12 +0000 http://blogs.reuters.com/globalinvesting/?p=3677#comment-3662 One senses Africa is very much at an Inflexion Point. The Continent’s Face continues to turn East. China [over $100b in less than Ten Years] and India are two serious Anchors beneath us. Remittances have overtaken Foreign Aid. And beneath it all, the Mobile Phone has been the Catalyst for enormous activity at the Bottom of the Pyramid, which I estimate to be worth no less than 2% of SSA GDP.
These Big recent phenomenon Macro Trends put Africa in a different place to where it was two years ago and difference expands each year you scroll back. I think Africa is in the throes of a very powerful one off Convergence with the c21st and that it has the Big Mo this time around.
Clearly Europe is in a great deal of bother and the Currency set to be repriced further. There are certainly pockets which are very soft Underbellies [Flowers and Fresh Vegetables are the clearest example] but Africa is at much less risk to Europe than it has ever been.

Aly-Khan Satchu
www.rich.co.ke

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