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Due to economic and political uncertainties, African economies such as South Africa and Nigeria are expected to witness slow growth in 2017. On the contrary, improving economic conditions in Kenya and Morocco will support moderate growth. Despite differences in terms of economic growth prospects, high priority is placed on the development of transp...

Nigeria, one of Africa’s largest economies, is diversifying to reduce its dependence on oil revenues and strengthen key non-oil industries. As the continent’s most populous nation, the country presents a rising demand for commercial vehicles, fueled by urban expansion, infrastructure projects, and growing trade activities. The automotive market is ...

27 Nov 2017  |  Africa  |  Market Research

South African Logistics Market, Forecast to 2020

Country to Emerge as a Regional Hotspot Owing to Its Comparatively High Logistics Performance and the Long-term Economic Growth Potential

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Global financial crisis, weak domestic demand, and other related factors have affected South Africa’s GDP growth during past 3 years, continuing onto 2016. The GDP of South Africa accounted for 0.42% of world GDP in 2016. The economy is expected to grow at a rate slower than the population growth rate in 2017 and 2018, implying a lower standard of ...