{"id":6742,"date":"2022-01-08T13:47:35","date_gmt":"2022-01-08T13:47:35","guid":{"rendered":"https:\/\/www.africa-press.net\/liberia\/all-news\/africa-set-to-become-fastest-growing-most-sophisticated-market-in-the-world"},"modified":"2022-01-08T14:53:27","modified_gmt":"2022-01-08T14:53:27","slug":"africa-set-to-become-fastest-growing-most-sophisticated-market-in-the-world","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/liberia\/all-news\/africa-set-to-become-fastest-growing-most-sophisticated-market-in-the-world","title":{"rendered":"Africa set to become fastest-growing, most sophisticated market in the world"},"content":{"rendered":"

Africa-Press – Liberia. <\/strong><\/span>The GRDI ranks 35 developing countries on a scale of zero to 100 \u2013 the higher the ranking, the more urgency to enter a country. Since the GRDI\u2019s inception in 2002, the countries ranked on the index have tracked closely as the top destinations for retailers in subsequent years, said Kearney.<\/p>\n

According to the report, Africa is emerging as the next big retail hot spot. It\u2019s predicted that sub-Saharan Africa will enjoy the highest rate of disposable income growth in the world, about 9% compound annual growth rate (CAGR).<\/p>\n

African nations \u2013 including Ethiopia, Rwanda, Senegal, Ivory Coast, Tanzania, Mozambique, Uganda, Kenya, Cameroon, Ghana, Angola, Nigeria, and South Africa \u2013 dominate the list of the fastest-growing economies, the report found.<\/p>\n

Furthermore, the report found that by 2030, sub-Saharan Africa\u2019s population \u2013 growing at twice the global rate \u2013 is expected to overtake China\u2019s. In the wake of the Covid-19 pandemic, the rise in digitalisation on the continent is huge.<\/p>\n

The report found that Africa\u2019s retailers are focusing on return on investment (ROI), adopting franchising and other new business models, and rationalising store footprints.<\/p>\n

African grocery retailing is witnessing rapid, scaled digitalisation driven by a vibrant technology and start-up industry. E-commerce accounts for only about 1% of Africa\u2019s total retail market, with 10 countries responsible for 94% of all online business.<\/p>\n

For More News And Analysis About Liberia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Liberia. The GRDI ranks 35 developing countries on a scale of zero to 100 \u2013 the higher the ranking, the more urgency to enter a country. Since the GRDI\u2019s inception in 2002, the countries ranked on the index have tracked closely as the top destinations for retailers in subsequent years, said Kearney. According […]<\/p>\n","protected":false},"author":84,"featured_media":6741,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,8,9,16],"tags":[233,237,234],"class_list":["post-6742","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-homepage-english","category-miscellaneous","category-twitter","tag-africa-press","tag-africa-press-liberia","tag-liberia"],"yoast_head":"\nAfrica set to become fastest-growing, most sophisticated market in the world - Liberia<\/title>\n<meta name=\"description\" content=\"The GRDI ranks 35 developing countries on a scale of zero to 100 \u2013 the higher the ranking, the more urgency to enter a c ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/liberia\/all-news\/africa-set-to-become-fastest-growing-most-sophisticated-market-in-the-world\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Africa set to become fastest-growing, most sophisticated market in the world\" \/>\n<meta property=\"og:description\" content=\"The GRDI ranks 35 developing countries on a scale of zero to 100 \u2013 the higher the ranking, the more urgency to enter a c ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/liberia\/all-news\/africa-set-to-become-fastest-growing-most-sophisticated-market-in-the-world\" \/>\n<meta property=\"og:site_name\" content=\"Liberia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-01-08T13:47:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-01-08T14:53:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/liberia\/sites\/37\/2022\/01\/img-61d9a5508a100.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"650\" \/>\n\t<meta property=\"og:image:height\" content=\"365\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/africa-set-to-become-fastest-growing-most-sophisticated-market-in-the-world#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/africa-set-to-become-fastest-growing-most-sophisticated-market-in-the-world\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/liberia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Africa set to become fastest-growing, most sophisticated market in the world\",\"datePublished\":\"2022-01-08T13:47:35+00:00\",\"dateModified\":\"2022-01-08T14:53:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/africa-set-to-become-fastest-growing-most-sophisticated-market-in-the-world\"},\"wordCount\":236,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/africa-set-to-become-fastest-growing-most-sophisticated-market-in-the-world#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/liberia\/sites\/37\/2022\/01\/img-61d9a5508a100.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Liberia\",\"Liberia\"],\"articleSection\":[\"all news\",\"homepage-english\",\"miscellaneous\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/liberia\/all-news\/africa-set-to-become-fastest-growing-most-sophisticated-market-in-the-world#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/africa-set-to-become-fastest-growing-most-sophisticated-market-in-the-world\",\"url\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/africa-set-to-become-fastest-growing-most-sophisticated-market-in-the-world\",\"name\":\"Africa set to become fastest-growing, most sophisticated market in the world - 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