Turkish Exporters Target Africa
At a time when struggling Turkish exporters are looking for ways to diversify their target markets, Africa is poised to become the new frontier market for Turkish firms as they position themselves to become major stakeholders in the region’s rapidly growing industries.
Africa has recorded an annual growth rate of 5 percent over the last decade and is expected to continue this trend in the coming years. Six out of ten fastest growing economies in the world are now in Africa. Economic predictions indicate that Africa will be a $29 trillion economy in 2050, larger than the 2012 combined GDP of the US and Eurozone.
Nairobi County to unveil project in response to housing crisis
Nairobi residents are set to benefit from a housing project to be rolled out by the county government to ease the city’s housing problems.
Speaking during Mashujaa Day celebrations marked at the Starehe Grounds, Nairobi County Secretary Robert Ayisi said the county will build 100,000 housing units starting November to accommodate approximately 650,000 residents.
Dr Ayisi said the project will cost Sh 3billion.
AFRICA - THE NEXT GROWTH MARKET
Africa is currently home to five of the fastest growing economies in the world. According to a global study, the continent's economy is forecast to grow to $2.6 trillion in 2020 from $1.6 trillion in 2008, fuelled by booms in mining, agriculture and development of ports, roads and other infrastructure. This rapid economic growth is what is creating substantial new business opportunities in the region.
Over the past decade, Africa's real GDP grew by 4.7% a year, on average—twice the pace of its growth in the 1980s and 1990s. This growth was observed across all nations and sectors. By 2009, Africa's collective GDP of $1.6 trillion was roughly equal to Brazil's or Russia's, making the continent among the fastest-expanding economic regions in the world today.
Expogroup Worldwide announces another edition of MEDEXPO AFRICA
After an overwhelming response in 2016, Expogroup Worldwide announces another edition of MEDEXPO AFRICA, the leading healthcare trade fair in Africa. Taking place from 2 - 4 June, 2017 at the Kenyatta International Convention Centre, Nairobi, Kenya and 22 - 24 August at the Mlimani Conference Centre (MCC), Dar es Salaam, Tanzania, the event brings together more than 5000 healthcare professionals with 400 of the world’s leading healthcare suppliers, manufacturers and service providers, all under one roof, to find the latest industry innovations, network and do business.
