Africa's changing consumer market is open for business
Africa is at the beginning of unprecedented economic growth and increasing numbers of upper-middle class consumers are seeking access to international retail brands and products. Preparing an entry strategy will give brands a head start for rapid growth and access to a loyal customer base.
Across Africa, a large-scale retail revolution is being driven by increased consumer buying power and shifting behaviours. Swedish retail brands can partner with international chains to meet the growing demand. Access to technology, mobile payments and an awareness and desire for global brands is creating a unique retail opportunity for Swedish products.
The current global healthcare crisis has, and will have, an impact on short-term production and supply chains across the retail sector. While the mid- to long-term impact is relatively unknown, the global trends and shift in focus for Africa retail sector which we examine in our report will continue to apply. Business Sweden’s local expertise and presence on-the-ground will continue to provide invaluable support for Swedish companies in their goals to expand into new markets and continue to be part of delivering solutions for global economic recovery.
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Be at the forefront of defining the retail sector
The vastness of Africa’s geography and population and a fledgling retail sector present a unique opportunity for Swedish retail brands to enter the market and establish a strong position with a growing consumer population. The shifting demographics and long-term investment being seen across the continent are key drivers for change.
Download our report, Open for business for strategies on how brands can enter Africa's retail markets.
Untapped retail and distribution potential
The 12 focus countries are within four existing larger trade blocs and offer established distribution channels for Swedish retail brands and reliable options for market entry. Partnering with international partners to reach captive consumers via trusted channels.
Tech-savvy consumers
Technology is a primary driver for change, providing previously unbanked pockets of society with access to payment and savings methods. Smart phone penetration and innovative, localised FinTech solutions are transforming both informal retail networks into viable formal online and offline channels.
Start your journey to African retail growth
ANDREAS GIALLOURAKIS
Market Area Director Africa,
Trade Commissioner Kenya
ZAKARIA BENABDELJALIL SJÖBERG
Country Manager Morocco
Business Sweden is commissioned by the Government and the Swedish industry to help Swedish companies grow global sales and international companies invest and expand in Sweden.
