Africa Is Richer Than You Think
- By Vijay Mahajan
- Published Feb 1, 2010 by FT Press.
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Description
- Copyright 2010
- Edition: 1st
- eBook
- ISBN-10: 0-13-705098-4
- ISBN-13: 978-0-13-705098-7
This Element is an excerpt from Africa Rising: How 900 Million African Consumers Offer More Than You Think (ISBN: 9780132339421) by Vijay Mahajan. Available in print and digital formats.
Africa: more consumers, more wealth, more opportunity for your business.
The average gross national income per capita across all 53 African nations in 2006 was about $1,066, more than $200 above India’s. This wealth represents a huge potential market. Serving this market means overcoming myriad challenges, but entrepreneurs across Africa are already feeding a fast-growing demand for every conceivable consumer good and service....