A robust improvement in consumption demand, generous government support, and rise in public sector infrastructure spending are expected to result in steady growth in the Middle East and Africa in 2015, according to a report from Frost & Sullivan.
Many vital infrastructure projects struggle to progress beyond the concept stage because project preparation is such a costly, complex and risky undertaking. The difficulty is particularly acute in Africa, where projects encounter frequent challenges related to capabilities, the regulatory environment, project governance and financial resources.
Chris and Tope Folayan, two brothers who grew up in Nigeria and attended college in the United States, founded MallforAfrica in 2013. Tope earned an M.B.A. from the Kellogg School of Management at Northwestern. After graduating, he returned to Lagos, while Chris remained in the United States. Their company makes it easier for Nigerians to place online orders for American and British products that are difficult to find in Nigerian stores and that online retailers don't offer directly to most African consumers because of troublesome customs duties and paperwork, shipping costs and the fear of fraud.
Analyst Insight: With stories of Ebola and Boko Haram dominating the news, it would be easy to dismiss Africa from a supply chain perspective. Risk is clearly high and traditional reasons to engage supply chain - either for low-cost sourcing or new market entry - may seem absent. The truth, however, is that many supply chain leaders should start thinking now about how to engage this vital emerging market. - Kevin O’Marah, Chief Content Officer, SCM World
The evidence of strengthening in African manufacturing is increasingly persuasive. Between 2000 and 2010, the share of the African population living on less than $1.25 per day fell from 58 percent to 48 percent. In no small part, the falling rate of extreme poverty is driven by much-improved output performance.
The tiny African nation of Djibouti measures 23,200 square kilometers and is home to about 800,000 people, but within a few years - and with a little help from the Chinese - it expects to have two brand-new airport hubs large enough to handle 100,000 tonnes of cargo and 2 million passengers annually.
The Coca-Cola Company and its African bottling partners announced a new investment of $5bn during the U.S.-Africa Leaders Summit in Washington. The investment, to be made over the next six years, increases its total announced investment in Africa to $17bn from 2010 to 2020. The Company and its bottling partners anticipate that this investment will fund new manufacturing lines, cooling and distribution equipment and production; create additional jobs and opportunities across Coca-Cola's African supply chain; and support key sustainability initiatives and programs focused on safe water access, sustainable sourcing, women’s economic empowerment, community well-being and operational efficiency improvements.