Tag: Luxury

The growth in Africa is massive! No doubt. And it will get even bigger. Just to give you an idea; Nigeria, Africa's second biggest economy, grew 7.68 percent in the last quarter of 2011, which makes it one of the fastest growing economies in the world. Now it's just a question of who will get the biggest profit and who will capture the market shares first. The continent's middle class is growing and the demand for goods such as cars, technology, clothes etc. is huge.


With a negative growth in Europe, luxurious goods producers are increasingly targeting sub-Saharan Africa, because of its economic growth. Porsche, Samsung, Gap and many more  Read more