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Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) (6439641 Views)
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Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Nobody: 10:16pm On Jan 18, 2020 |
Carmit: Population |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Nobody: 10:24pm On Jan 18, 2020 |
More in store for African retail & consumer businesses Africa’s economy has seen modest growth in the wake of falling commodity prices, slowing revenues and volatile currencies. The moderation in growth impacts a range of industries and sectors, including retail and consumer products that must contend with rising costs, and a fall in prices. Despite the decline in growth, the long-term outlook remains positive. The economic growth predicted for 2016 and beyond in some African countries and the growth expected in Africa’s consumer market provides major opportunities for retail and consumer companies looking to the future. These are some of the highlights from a report released by PwC today. “As Africa has risen to prominence as an investment destination over the past several years, so the role of retail and consumer goods has taken on greater significance,” says Anton Hugo, Retail and Consumer Industry Leader, PwC Africa. “Sub-Saharan Africa (SSA) remains one of the fastest growing regions in the world and the successful expansion of a number of global and African retailers and consumer goods companies across the region speaks to the opportunities that exist.” “However, Africa’s fortunes are very much tied to those of the global economy. Pressure on emerging market currencies coupled with a decline in oil and other commodity prices has seen pressure on government revenues and the ability of governments to increase social expenditure and wages in the public sector. African retailers will need to focus their efforts on operational efficiency and managing the effect on their operations of volatile currencies,” adds Edafe Erhie, PwC Partner in Nigeria. PwC’s inaugural publication entitled ‘So much in store’, is an in-depth study into the make-up of SSA’s retail and consumer goods industries, and provides an outlook for the coming five years by focusing on 10 African economies that we believe offer some of the most compelling opportunities for retail and consumer businesses looking to expand into Africa: Cameroon, Ethiopia, Ghana, Côte d’ Ivore, Kenya, Nigeria, South Africa, Tanzania and Zambia. Trends shaping the retail and consumer sector in SSA Significant global megatrends will help drive the retail and consumer goods industries and create future opportunities. Africa’s demographic dividend, its growing middle class and rising income levels, and rapid urbanisation will all have a part to play in the continued growth of the retail sector across the continent. Currently, Africa is home to more than one billion people which is expected to increase to more than two billion by 2050. It also has the youngest population, with 226 million people aged between 15 and 25 years in 2016, according to World Bank estimates. Africa’s working age population is forecast to grow at a faster rate than its overall population. When the labour force grows more rapidly than the population dependent on it, resources become available for investment in economic development and personal consumption. This offers an opportunity for rapid economic growth. The growing middle class is one of the key factors driving international retail expansion across Africa. Consumption choices typical of this class, such as internet usage, private health care, formal retail, as well as car and property ownership are all on the rise. More informed and healthier consumers Changes in consumer lifestyles and ambitions are influencing purchasing behaviour and patterns, according to leading retailers. Overall, consumers in SSA are becoming more aspirational and brand-conscious. “Africans are becoming more connected to global trends than ever before as a result of growth in internet penetration and travel,” explains Hugo. For example, in Ghana consumers are increasingly attracted to products that are well packaged and well documented. This increasing level of discernment is also seen in the quality of goods that consumers expect and their willingness to pay for it. Those that can afford it are also becoming more health-conscious, favouring nutritious and healthy foods. In response, retailers are formulating new products. Home-grown champions make their mark Closer to home, African organisations are becoming dominant players in local markets and expanding their presence across the rest of the continent. South African retailers are a prime example of being among the most aggressive in expanding across the continent. But there are also examples from other countries, such as Zambia and Kenya expanding into the greater East African Community (EAC) region, and Nigeria into the West. Informal trade continues to lead For the foreseeable future informal retail will continue to dominate sales in SSA. With the exception of South Africa and Angola, it is estimated that upwards of 90% of sales in the focus countries is through informal channels such as markets, kiosks, table-top sellers and street hawkers. “However, the industry is in the process of modernising with a number of western-style shopping centres taking shape in countries like Nigeria, Kenya and Ghana. It is also interesting to note that in some countries such as Ghana, Nigeria and Zambia, many of the malls are anchored by South African retailers. For some countries, the building of shopping malls is a challenging and expensive business due to the difficulties in securing land, resources, and the costs associated with building,” says Michael Mugasa, PwC Partner in Kenya. Online retail Although online retail is still in its infancy in SSA, the industry is showing promising potential. While South Africa and Nigeria already have numerous e-commerce players, the industry is less developed in countries such as Cameroon and Ghana. According to the report, successfully selling products online in SSA comes with challenges, including unreliable internet connections, logistical challenges, as well as a general distrust of transacting online and low bank penetration. Local production on the rise Increasingly there is a growing movement towards local production. This trend is driven by a number of factors. These include, amongst others, political stability and government incentives to boost local manufacturing. To circumvent import duties, port delays and high transport costs, companies are also considering local production options. Despite the opportunities, manufacturing in Africa comes with numerous challenges, such as power supply problems, high rentals, electricity and labour costs. Supply chain optimisation A critical success factor for retailers and consumer goods companies moving into many African countries has been their ability to implement supply chains that deal with the operational challenges that exist. “Given the size of Africa, supply chains tend to be complex, challenging and expensive,” says Hugo. “Other obstacles include poor transport, inadequate local supply capacity and the dominance of informal retail trade.” Distribution The dominance of informal trade and Africa’s large rural population makes distribution a complex exercise. However, as 90% of sales are made through informal channels, those that ignore this segment are missing out on a significant share of potential revenue. There are also many examples of companies that have introduced innovative ways of improving their distribution in various countries. Hugo concludes: “Each country in Africa has its own value proposition. Smart investing in Africa means investors need to understand key regions and local markets. Furthermore, investors need to note that there are specific risk factors underlying the development of Africa. Despite these risks, investors and retailers will continue to see the African market as a huge opportunity.” 1 Like |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by vaxx1: 10:27pm On Jan 18, 2020 |
rvp20182:if Ghana is broke according to your faulty and uncreative mind , then kenya is in financial crisis by all standard. you are so broke to the extent of even taxing your citizens to be recognised as Kenyan ( citizenship card) as if that is enough.some of your big companies are issuing profit warnings and laying off people.making an average kenya becoming more poorer. To make the matter worse, nature is unfriendly to your most active sector "" agriculture"" probably you may be entering into famine very soon. locusts pest have already taking over the most of your farms Your govement even make your headache more terrifying by failing to pay of contractors their cash , An avenue that would have practically put money into the hands of poor Kenyans. Anyway your country is been run by cartels of bandits and no way to rescue her. the only solution which will have been the court system is even more broke,your chief justice admit. hence no fund to run an efficient campaign against corruption. it been good you have managed to have 20 million out of 2 billion dollar kenya cash claim to be looted. that is just 1 percent of the total amount. lol. you are doing dangerously poor Your country needs deliverance, i guess spiritual solution to your epic problem might work since kwnyatta 2 by 4 economic approach is not working nor yielding fruit even my old grand of 100 years can run such similar economy. ""borrow more , increased tax, halt goverment project and hold contactor cash "" that is only what is happening in your country ... 2 Likes 2 Shares |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Nobody: 10:29pm On Jan 18, 2020 |
Retailing contributions to GDP across the region continue to increase, indicating that the region is consumption-driven. According to Euromonitor International, retail sales in the region amounted to over USD500 billion in 2018. Key retailing markets include South Africa, Egypt, Morocco, and Algeria. Informal retailing Informal retailing is important and not going away anytime soon. A large proportion of retailing still takes place in open-air markets, street vendors and tabletop merchants. Informal retailing forms the backbone of unofficial national trading systems in many countries. For instance, in Nigeria, over 90% of the country’s retailing market is dominated by informal retailing. |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by IronGalaxy: 10:34pm On Jan 18, 2020 |
Carmit:which other avenue would you catch MTV base besides through DStv? 1 Like |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by IronGalaxy: 10:35pm On Jan 18, 2020 |
Carmit:Everything starts in sunny SA 2 Likes
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Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Kazikazi: 10:37pm On Jan 18, 2020 |
Dar es salaam Tanzania
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Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by vaxx1: 10:48pm On Jan 18, 2020 |
Austine1213:Hope you aware south africa does not fully owned any malls in Ghana. malls here are joint venture. they are Ghanaian stakes in it as well.... 2 Likes |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Kazikazi: 10:48pm On Jan 18, 2020 |
Tanzania Ordinary folks 1 Like 1 Share
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Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Kazikazi: 10:58pm On Jan 18, 2020 |
Tanzania 1 Like 1 Share
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Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Danielnino00(m): 11:35pm On Jan 18, 2020 |
SUFFERInSMILIIN:U have been posting pictures of 3 storey building and paved roads filled with okadas since.. dude,that isn't development...that is something normal u see in nearly every big town in Africa... Why not post pictures of the CBD in Benin Republic or the skyscrapers ? Or some multinational companies ? Benin Republic is nothing but a parasite that has been feeding off Nigeria since time immemorial... The country is filled with Nigerians ..Smuggling is the main thing sustaining their economy... U can't deceive Nigerians with pictures of Benin Republic .a lot of us know that country like the back of our palm... |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by SUFFERInSMILIIN(m): 11:37pm On Jan 18, 2020 |
Austine1213: You're not the only one which is right and you have not stayed in that country I have stayed in it for sometime and I know how bad things were when I left. I saw the disaster of the Land reform programme which changed the country into a basket case. I experienced everything there first hand and saw how the country fell apart |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Danielnino00(m): 11:39pm On Jan 18, 2020 |
SUFFERInSMILIIN: There is an English translation written there and u are still asking us to translate it for u. U are really daft.. |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by IronGalaxy: 11:39pm On Jan 18, 2020 |
Carmit:coming from a Nigerian, that's rich |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by SUFFERInSMILIIN(m): 11:40pm On Jan 18, 2020 |
Kazi ;kazi: In your third picture are those two zebras playing tennis on the tennis court ![]() |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by SUFFERInSMILIIN(m): 11:44pm On Jan 18, 2020 |
IronGalaxy: Long time I am Galaxy I wish you are still enjoying the suffering and smiling show |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by IronGalaxy: 11:45pm On Jan 18, 2020 |
Carmit:Well, most good things that have painted Africa in good light globally come from South Africa, forgive us for being a little spoilt. As for Cardi B issue, you guys threw shade at South Africa as you always do for every little thing that happens over there, saying she snubbed SA for Nigeria because of HIV. The barrage that came your way was thoroughly deserved. 3 Likes |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by IronGalaxy: 11:46pm On Jan 18, 2020 |
SUFFERInSMILIIN:I've been lurking on the background watching the horror show 2 Likes |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by IronGalaxy: 11:48pm On Jan 18, 2020 |
Kazikazi:I've always thought Tanzanian girls are beautiful |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by SUFFERInSMILIIN(m): 11:50pm On Jan 18, 2020 |
Danielnino00: So why don't you go to Benin Republic to see the prisons which are 80% full with Nigerians. In fact I saw with my eye the prison are only for Nigerian |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Danielnino00(m): 11:54pm On Jan 18, 2020 |
SUFFERInSMILIIN: The literacy rate in Benin Republic is just a little over 50%... Most of the slums in the Lagos are dominated by people from Benin ... Its just a parasite feeding off Nigeria... |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Nobody: 12:28am On Jan 19, 2020 |
vaxx1: Yes Owning more than 50% means you own it, most of them its over 80%might as well say SA owns it |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Nobody: 12:31am On Jan 19, 2020 |
Carmit: He didn't buy it, he's was working at Viacom so he spearheaded it as he from africa |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by SUFFERInSMILIIN(m): 1:07am On Jan 19, 2020 |
Danielnino00: The parasites has better roads than yourself they have better electricity than yourself. They have a higher Healthcare sector than yourself they are less corrupt than yourself now ask yourself who is the parasite. The only parasite are the criminal worshippers |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Just30: 1:20am On Jan 19, 2020 |
rvp20182:[/s] thrash with our gold, we made our citizens better people not rich but wealthy enough to escape poverty. SA is still trying to do that 2 Likes 1 Share |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Just30: 1:57am On Jan 19, 2020 |
Austine1213:not a single mall in Ghana is owned by SA Even the Accra mall that a south african company bought from it Ghanaian owner, the ownership has changed again. 1 Like 1 Share |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Nobody: 5:37am On Jan 19, 2020 |
JaceBlaze: You dont like diss tracks bro? The more hardcore rap fans like diss tracks more than anything. A good oldass diss track
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Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Nobody: 5:42am On Jan 19, 2020 |
samorobo: Its Sunday f@g, go repent your sins ![]() |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Nobody: 5:48am On Jan 19, 2020 |
Austine1213: The biggest truth in the report. We all know that without SA outlets in West Africa, they would not be getting fresh bread from shoprite. 1 Like |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Nobody: 5:57am On Jan 19, 2020 |
Just30:Only achimota center was sold. |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by tsdarkside(m): 6:08am On Jan 19, 2020 |
rvp20182: they are not.... its a christian vs. muslim thing in nigeria.... christians hate muslims in nigeria in a extreme way.... back then in school in lagos,a muslim was the smartest in our class.... watch nollywood movies.... northerners are always played as dumb and slow.... because its mostly christians that dominate nollywood.... dont be fooled with our own wahalas.... |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Nobody: 6:45am On Jan 19, 2020 |
Kazikazi:you are posting celebrities and calling them ordinary. 1 Like |
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