[Recommended] Opinion: Raising Africa’s middle class – howwemadeitinafrica.com

Preview: We already know that we do not know enough about African growth. This was revealed by the extent of upward revisions to estimates of GDP during recent rebasings – anywhere from up 25% in the case of Kenya, to up 89% in the case of Nigeria. Africa has been growing faster than we thought all along. We were not adequately equipped to measure this growth while it was happening.

The news on Africa’s middle class has also been mixed. When a well-known multinational in the consumer goods sector, Nestle, announced that it was disappointed by the scale and growth of Africa’s middle class and the return on its investment, and that it would be cutting its regional workforce by 15%, the news dominated headlines. What went relatively unnoticed?

https://www.howwemadeitinafrica.com/opinion-raising-africas-middle-class/57312/

[IMPORTANT: This blog’s contents are being updated following the transfer to www.tayosolagbade.com from my former domain – Spontaneousdevelopment.com. As a result, some parts of it may not work properly for now. Quick Tip: If a link contains “spontaneousdevelopment.com”, simply change it to “tayosolagbade.com” – and it should work. This applies to article links as well as image links. Work continues to update the links(in over 500 articles). Tayo K. Solagbade.]
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