For many decades, Africa was celebrated for its oil & gas and mineral riches, a trend that persists into the 21st century. However, this is not the sole narrative shaping the continent’s future. The rise of the middle class, increasing from 26.2% in the ’80s to 34.3% in 2010, has significantly fueled internal consumption and […]
One of the main drivers of the aviation industry is the economic growth and development. There is a proved correlation between the amount of air travel and Gross Domestic Product (GDP) around the world that can be observed in the two graphs bellow (MIT). Now taking the example of China as a starting point to […]
The financial sector is struggling to develop in Africa. Basically, this is due to the low purchasing power of Africans to afford insurance or to deposit and save their money in bank accounts. A large part of Africa’s population is still excluded from the financial system. For instance, the banking penetration rate is 23% in […]
Exploring the Retail Market in Egypt reveals it as one of the Middle East’s largest and most dynamic sectors. With a population exceeding 86 million, Egypt stands as a profoundly lucrative market, particularly in retail. The youth population and its continuous exposure to social media is driving the economy; they are educated, open minded and […]
The Kenyan banking sector is composed of 52 institutions, including 43 commercial banks, 1 mortgage finance company and 8 deposit-taking microfinance institutions. The sector is dominated by multinational banks (such as Standard Chartered, Barclays, etc.) and Pan-African groups (such as KCB, Equity Bank, etc.). As of December 31st, 2010, the country included 1,063 bank branches […]
In light of Warren Buffet’s advice, ‘Be fearful when others are greedy and greedy when others are fearful,’ now is the prime time to invest in Egypt. As Infomineo sought a location for its second African office, Egypt emerged as a strategic choice, showcasing the country’s resilience and potential for business growth Arguably, Egypt has […]
1. Africa is a cheap place to do business No, Africa is not a low-cost business destination. On the contrary several of its most attractive destinations are extremely costly, like Luanda or to a lesser extent Lagos. Several factors account for this and it is important to understand them. Talent is scarce, so the best […]
The low purchasing power of the continent, as well as the underdeveloped formal banking penetration set ground for the micro finance solution to thrive. The multi-billion dollars microfinance industry in Africa has currently a gross loan portfolio of $8.5 billion and reaches a consumer base of 8 million people. According to the World Bank financial […]
One of the questions which is often asked to Infomineo is: Is Africa one continent, is it 54 different countries or is it anything in between? The answer is quite clear today: it is something in between. In fact the old approach to Africa, grouping countries based on colonial heritage, languages or religions, doesn’t make […]
In my previous article published in March, I gave you a general overview of luxury real estate market in Western Africa with a focus on Nigeria and Ghana. Today let us talk about some major projects initiated in Senegal and Côte d’Ivoire. Senegal: A new wind is blowing for the luxurious real estate market With […]
