With Africa’s middle class expected to triple by 2031, consumer-facing industries are harnessing opportunities to cash in on the surge in spending.
In its annual report, released on Monday, the restaurant franchise group said its strategy was to grow in existing territories to allow for the development of improved logistics, pricing and raw material efficiencies.
“Countries in the rest of Africa offer a good opportunity to enter higher growth markets although each market brings its own particular challenges,” CE Pierre van Tonder said.
There are 25 restaurants in the group’s African division, outside South Africa. The company has nine outlets in Mauritius.
Policymakers on both sides of the Atlantic have argued for years how to span the bridge between peaceful Europeans from Venus and realist Americans from Mars. The truth is, the debate on our diverging approaches to the challenges of global order has already been overtaken by events. Both Venus and Mars are, after all, part of the same solar system, and subject to the same Newtonian laws of physics. And these increasingly work against the North-Atlantic and Western world. China‘s 1.3 billion population dwarfs that of the EU and the U.S. Europe and America have seen their share of world trade fall to a combined total of below 30 percent in the face of tough competition from India, China, and other key trading nations set on converting their cheap labor industries into technologically sophisticated economies.
“South Africa has a vested interest in seeing the regional political and security situation improve, which will create positive conditions for the improvement of the quality of life of South Africans and SADC citizens in general,” the department said in a statement on Wednesday.
Zuma will be accompanied by International Relations Minister Maite Nkoana-Mashabane, who is already in Dar es Salaam for a meeting of the ministers involved in the body.
Industry and Foreign Trade Minister Mahmoud Eissa stressed the need for consolidating inter-trade among African countries as this matter has become a must to achieve the regional economic integration, in light of the numerous challenges facing Africa and the multi-lateral trade system.
He also called for achieving reconciliation and matching by African various African blocs in order to achieve African free trade zone.
Minister Eissa urged African countries to support all efforts to facilitate African inter-trade.
Eissa called as well for strengthening African business organization and the involvement of the private sector in carrying out the trade exchange programs. The world economic forum started Thursday in Addis Ababa with 700 African dignitaries taking part.
Eissa gave a speech on means to give a push to the African trade Agenda. He met after the inaugural session with Ethiopian Prime MinisterMeles Zenawi who expressed his country’s keenness to cement strategic relations between Egypt and Ethiopia.
Eissa held several meetings with officials of a number of Egyptian companies operating in the Ethiopian market. He also met, on the sidelines of his participation in the World Economic Forum, with Egyptian members of the Egyptian-Ethiopian Business Council.
During his talks with the companies’ officials, Eissa discussed ways of boosting economic cooperation between Egypt and Ethiopia within the upcoming phase.
The two sides also tackled the obstacles which hinder the increase of investments either in Egypt or Ethiopia.