Finance

Top 15 most promising African markets for retail sector, according to A.T. Kearney

Tuesday, 08 September 2015 21:57

Gabon is the sub-Saharan African country with the highest potential in the retail sector, according to the African Retail Development Index (ARDI) 2015 published on 8th September by the strategy consultancy firm A.T. Kearney.

This ranking is based on many criteria such as country-risk, size of the urban population, business environment and saturation level of the market. Gabon should register an economic growth of 5.5% in 2016, against an average of 5.1% for sub-Saharan Africa, based on forecasts from the International Monetary Fund (IMF). Other assets: about 86% of the population of this central African country lives in cities while the middle class is stable, according to experts from the A.T. Kearney firm.

Botswana comes in 2nd place in the ARDI index which assessed the potential of retail markets in 48 sub-Saharan countries.

Angola holds the 3rd rank, in front of Nigeria, the first African economy and the most populated country on the continent.

Tanzania is 5th in the ARDI index ranking. It is followed by South Africa, Rwanda, Namibia, Ghana, Senegal, the Gambia, Zambia, Côte d’Ivoire, Ethiopia and Mozambique.

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