Graham Mackay, CEO, SABMiller: Business is Good for Africa
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- Category: Consumer & Household
- Published on Monday, 24 December 2012 07:56
- Written by Super User
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You have argued that business is fuelling growth in Africa. What do you base this argument on?
Since 2000, when The Economist ran an article entitled ‘Hopeless Africa’, the continent has confounded expectations; earlier this year, The Economist ran a story with the headline “a more hopeful continent†and the strapline “Africa is now one of the world’s fastest-growing regionsâ€Â.
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Africa: A premium trend
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- Category: Consumer & Household
- Published on Monday, 24 December 2012 10:42
- Written by Super User
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Branded consumer goods companies have an opportunity to participate in Africa’s growth
The traditional picture which is often painted of Africa – poverty, political turmoil and dire infrastructure – is beginning to look outdated. Real signs are emerging of a continent which offers extraordinary growth potential and rapidly changing consumer dynamics.
Africa: underestimating GDP
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- Category: Consumer & Household
- Published on Monday, 24 December 2012 12:46
- Written by Super User
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GDP growth is thought to be correlated to everything from conflict risk to whiskey consumption. And the current slew of positive stories about Africa are driven, in part, by the impressive GDP statistics posted by countries across the continent.
But these numbers are poor estimations of economic development, says Morten Jerven at Simon Fraser University. His argument is not that GDP does not say much about happiness, equality, environmental sustainability. It’s a more technical point: many figures are, well, just wrong. African GDP might actually be growing faster than we think.
Business opportunities for Africa
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- Category: Consumer & Household
- Published on Thursday, 01 November 2012 09:13
- Written by Super User
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Africa, previously the poster child for poverty, famine, disease, decaying infrastructures, corruption, conflict, crime and brutal violence, is now a continent where wise investments can offer high rates of return, as the 54 different nations that inhabit it enjoy a prolonged spurt of economic growth.