West Africa: A brief take at a rapidly growing region
- Exciting opportunities across West Africa including Ghana, Ivory Coast, Nigeria and Senegal.
- Rapid population growth, urbanisation and increasing consumption creates many business opportunities for Singapore companies.
- There are 36 Singapore companies that have entered the West African region.
- Despite the economic contractions for the region, GDP growth is expected to rebound to 5.5% conservatively by 2030.
"By 2050, the urban population in West Africa is expected to grow by almost 240 million minimally. Some developers such as Mixta Africa have since created supportive financing schemes that enabled them to unlock more market share."