African Arts and Crafts

African Arts and Crafts Gallery Why African markets are still selling for a penny

Why African markets are still selling for a penny

African markets have been in free fall for a decade and are still largely dependent on a dwindling market in China.

That has put a strain on the continent’s businesses and created a new generation of local entrepreneurs looking for a bigger payday.

That’s put pressure on the once-dominant Asian markets, where a number of African companies are looking to take advantage of a shrinking market.

Here are five reasons why.


Africa is still selling, but not as much as it used to Africa is one of the world’s poorest countries, and it has long been an important source of cheap labor.

That hasn’t changed since the end of the global financial crisis.

In fact, the last year has seen a surge in demand for African products.

A new wave of African retailers are opening shop in the United States and Europe, where there are still shortages in many markets.


It’s cheaper to buy goods in Africa than it is to buy them elsewhere.

A 2014 study by the African Development Bank found that African markets were cheaper than those in China or Europe to buy clothing, shoes and other goods, and that they were cheaper to rent a room than to buy one.

African countries also have higher consumer prices than those of the rest of the region.


A growing number of businesses are opening up in African markets.

African businesses have grown to reach nearly half of the continent, according to a 2016 report by the Economist Intelligence Unit.

More and more African businesses are taking advantage of the growing market, and the trend is continuing.

The Economist Intelligence Group estimates that there are over 7,600 African-owned companies in Africa today, up from 3,000 in 2008.

And they account for more than 10 percent of the total market, up roughly 50 percent from 2000.

African companies also are taking the lead in the international retail industry, according the International Council of Shopping Centers, which is based in London.


African consumers are becoming more attuned to the importance of African-made products.

Last year, African consumers spent $7.8 billion on goods from Africa, up 20 percent from 2014, according data from the International Institute for Strategic Studies.

But that is largely driven by a growing number who are buying more African-produced goods, said Kebede Mwenda, director of the African Business Research Institute at the University of Cape Town.

For example, the market for clothing in Africa was valued at $3.5 billion in 2014, and more than $5.7 billion in 2015.


Africa’s economy is growing.

Economists at the African Union’s African Development Forum estimate that African economies will grow from $2.2 trillion in 2016 to $3 trillion by 2020, a 17 percent increase.

The IMF expects Africa to be the second-largest economy in the world by 2020.

That could help boost the continents economy even more.

African economies have been growing at a rate of 4 percent per year, compared to just 1.6 percent per decade in the West, according a report by Africa’s Business Council.

That means that, at the end for the year, Africa will be the fastest-growing economy in Africa.

But there are also signs that the growth could be slowing.

In 2016, African growth was still just 1 percent, compared with 5 percent in the rest.

TopBack to Top