Tag: African middle class

A continent goes shopping

Aug 17, 2012

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by

mwkruse

in Africa, Economic Development, Trends: Economic, Trends: Social

Economist: A continent goes shopping Africa’s fast-growing middle class has money to spend … Africa already has a $1.8 trillion economy and is forecast to have a population of 1.3 billion by 2020. “Lion” economies such as Ghana and Rwanda have grown faster than South Korea, Taiwan and other East Asian “tiger” economies in five…
One in three Africans is now middle class, report finds

May 9, 2011

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by

mwkruse

in Africa, Demography, Economic Development, Trends: Economic, Weatlh and Income Distribution

Guardian: One in three Africans is now middle class, report finds Findings challenge view of continent as a place of famine and poverty. One in three Africans is middle class, a rising group of consumers to rival those of China and India, researchers have found (pdf). Record numbers of people in Africa own houses and…