The face of Africa is changing and these growing industries in the continent prove it all.
Thanks to structural changes in many African countries, productivity revolution is helping many companies to achieve greater economies of scale.
The World Bank forecasts
growth of 3.2 % for the year 2018, compared to forecasts of
2.4 % made in 2017. A growth
of 0.8 % is a huge representation, which has only boosted the morale of many who want to expand their businesses in
Africa. Changing rigid policies in Africa and the fall of hostile regimes has led to a more energized market. Fueling the
African economy, the oil and gas industry has boomed owing it to rising commodity prices. An accelerated expansion
should be seen as oil prices continue to recover this year. Forecasts growth for 2018 comprises of six African countries
of the world’s ten fastest-growing economies. with all these good happenings, industries in Africa are definitely growing.
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