Africa Business: Which sectors are set to grow in Africa?

This article has been updated: In an earlier version, Refilwe Moloto of Ambassador Advisory was quoted saying Nestle had pulled out of Nigeria. Nestle has responded that this is incorrect and the company remains operational in that country.

Refilwe Moloto, Founder & Principal Advisor, Ambassador Advisory discusses the future of business in Africa.

She explains that the McKinsey's 2016 Lions II on the Move report released last year, highlights the post-commodities boom phase of the African continent.

The report also sought to identify what would drive us forward through the cycle, and where.

Six sectors are set to grow in Africa, namely, wholesale and retail, food and agri-processing, health care, financial services, light manufacturing, and construction.

Between 2015 we've seen a great deal of reversal from global multinationals pulling out of Africa, she added.

She says these sectors are less likely to be the winners going forward.

For more on the Africa report listen to the clip below:


This article first appeared on 702 : Africa Business: Which sectors are set to grow in Africa?


CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Kenya pumps millions to revive cotton for big bucks in foreign export

Kenya pumps millions to revive cotton for big bucks in foreign export

Kenya could possibly earn billions of dollars with reforms that could change the sector for the better.

Offering a fresh approach to business consulting

Offering a fresh approach to business consulting

Payi and Gwebityala of Nascence Advisory & Research have positioned themselves as experts in the management consulting space.

4 reasons why Africa will remain the world’s 2nd fastest growing region

4 reasons why Africa will remain the world’s 2nd fastest growing region

Growth in Africa will remain robust due to numerous deep, structural features, according to the IMF.

McKinsey & Co develops business case for gender diversity in the workplace

McKinsey & Co develops business case for gender diversity in the workplace

According to a report by McKinsey & Co, employers should develop a gender diverse workforce to encourage productivity.

How helping others drives success in business

How helping others drives success in business

Ian Mann reviews the “best book of 2013”, “Give and Take: Why Helping Others Drives Our Success” by Adam M. Grant.

4 global forces changing the world in ways we simply can’t intuit

4 global forces changing the world in ways we simply can’t intuit

Rise of emerging markets; the impact of tech on market competition, aging populations; accelerating flows of capital and people…

How to massively boost SA's economic growth (AND create large numbers of jobs)

How to massively boost SA's economic growth (AND create large numbers of jobs)

According to McKinsey, these five sectors of the economy could massively boost GDP growth in SA and create large numbers of jobs.

Big five growth opportunities to help boost South Africa's economy

Big five growth opportunities to help boost South Africa's economy

The McKinsey Global Institute released a set of five precepts which could lift South Africa's GDP by 2030.

Popular articles
[LISTEN] 'We are dealing with an outbreak of Listeriosis' - Dr Thomas

[LISTEN] 'We are dealing with an outbreak of Listeriosis' - Dr Thomas

Head of the Centre for Enteric Diseases at the NICD Dr Thomas says that Listeriosis is problematic because it isn’t notifiable.

Publisher saves South African students billions with free textbooks

Publisher saves South African students billions with free textbooks

This year we're going to hit a million downloads of free textbooks in SA - James van der Westhuizen, country manager for Bookboon.

Steinhoff money woes and why you should care

Steinhoff money woes and why you should care

The company lost around R100 billion leaving the JSE reeling in one of the biggest private sector business scandals.

Few retirement funds unaffected by Steinhoff implosion (i.e. you just got had)

Few retirement funds unaffected by Steinhoff implosion (i.e. you just got had)

Your money, and Steinhoff… Bruce Whitfield interviews Certified Financial Planner Peter Calitz.

‘There were clear warning signs at Steinhoff. All of which fund managers missed’

‘There were clear warning signs at Steinhoff. All of which fund managers missed’

The Money Show’s Bruce Whitfield interviews Sygnia Group CEO Magda Wierzycka.

Zille: 40 000 affordable housing units in the pipeline for WC

Zille: 40 000 affordable housing units in the pipeline for WC

Western Cape Premier Helen Zille says the government plays a crucial role in the provision of affordable housing in the province.

How businessman Max Lichaba struck gold with his jewellery company

How businessman Max Lichaba struck gold with his jewellery company

Entrepreneur Max Lichaba built his own empire and is the CEO of Lichaba Creations and several other businesses. This is his story.