The boom of the middle class debate is therefore a remarkable symptom of our decade
Deconstructing the fashionable discourse that a middle class will cure all region's ills is necessary to understand long-term growth trajectory.
Shifting eating habits sees one of the world’s largest food traders hunting for more investments
There are now 2,700 millionaires in Ethiopia, reflecting an increase of 108% between 2007 and 2013 -- the fastest growth rate in Africa.
All the sound and buzz about China's investments in Africa is very misleading. India is the one making the most serious play.
Kenya and Nigeria best-performing bond markets among emerging markets. Investors in Nigeria registered returns of 40% and in Kenya 56% since 2014.
Many opted for low margin, high volume strategies. A Kenyan firm reduced packaging to very small sizes and boosted sales of detergent powder by 300%.
SPECIAL REPORT: 18 million, not 300 million: That’s the size of Africa’s 'real' middle class—and it could disappear
New wealth report throws a spanner in the narrative of a rising Africa, but even if you don’t like it, it is hard to dismiss the numbers.
The Cold War end, 1970s global meltdown, all shook up Africa. What will give in 2015 with China's slowdown?
8 scenarios on how the current economic turmoil can make way for political and social change in Africa
Botswana is strong too. Angola, which imports 90% of its food, and Tanzania, are interesting possibilities. Rwanda's fortunes are mixed.
In some countries, the transport network is so poor that wealthy households end up spending more than 50% of their income on just getting around
Assembly began Tuesday in Lagos. Meanwhile French peer Peugeot Citroen to build assembly plant in Morocco.
How traffic jams, speaking in tongues, neighbourhood watches, and even dreadlocks can be political proxy battlegrounds in Africa
Nigeria is projected to hit its “economic sweet spot” in 2025, and possibly become the continent’s first proper “superpower”.
What happened to Africa’s middle class? It’s not growing, food giant Nestle says as it cuts sub-Saharan jobs
Nestle employs about 11,000 workers on the continent, but will reduce product line by 50% and may close some of its 15 warehouses before September.
Flamboyant and affluent Nigerians will by 2017 guzzle $1.5 billion worth of wine, as Africa becomes the ‘next destination’ for the global industry
Country’s oil-rich middle class, flamboyant hip-hop artistes and popular Nollywood crowd leading the charge, analysts said.
'I hate being in the middle class, how I wish I was not in the middle class': New research turns accepted thinking on its head.
Countries like Mozambique, Kenya and Ivory Coast have sparked a more positive outlook on the continent.
Cairo, Tunis, Jo'burg lead the way as Africa and its rising middle class lay down 'solid economic roots'
Others: Casablanca, Accra, Nairobi, Lagos, Addis, Kampala, Dakar, Abidjan, Kigali, Lusaka, Dar, Douala, Antananarivo, Maputo, Kinshasa and Luanda.