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Consumerism Set to Replace Natural Resource Market
Consumer spending by Africa’s ‘growing middle class’ will have more impact on the continent’s growth than mineral and resource demand this year, according to the 2016 Agility Emerging Markets Logistics Index.
Global logistics industry executives have also ranked Nigeria, South Africa, Kenya and Ghana as the most promising Sub-Saharan Africa markets over the next five years.
‘These are some of the world’s fastest-growing economies,’ says Geoffrey White, CEO of Agility Africa. ‘Africa’s requirement for logistics services and supply chain expertise is huge and growing every day.’
He adds: ‘The market is open for first movers who can navigate risk and nurture African talent. The opportunity is for those seeking to build long-term, sustainable businesses that bring world-class practices and adapt to local conditions.’
Now in its seventh year, the Agility Emerging Markets Logistics Index offers a snapshot of logistics industry sentiment and ranks the world’s 45 leading emerging markets based on their size, business conditions, infrastructure and other factors that make them attractive to logistics providers, freight forwarders, shipping lines, air cargo carriers and distributors.
See full 2016 survey results on Sub-Saharan Africa here
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