Our online salary tax calculator helps to take the guesswork out, so you can focus on building your business.
According to the United Nations, more than half of global population growth between now and 2050 is expected to occur in Africa - that means of the 2.4 billion people expected to be born in the next 30 years, 1.3 billion of them will be Africans. That’s a lot of future spending power coming towards the continent.
Yes, despite recent recessions and declines, Africa is still showing growth - just not in the areas you’d expect, like mining and agriculture. Today’s Africa can’t rely on traditional sources of income, but that doesn’t seem to matter. The continent’s entrepreneurs are finding new ways to build a business. Many of them are helping transform society at the same time, from renewable energies to medical technology.
In this infographic, we’ve wrapped up some of the sectors showing really interesting growth, and some of the companies that are leading the way. From the first Kenyan company to sponsor an English Premier League football club, to a Nigerian tech company helping hospitals search for safe blood supplies in real time via SMS, to the companies changing the way we pay for goods and services, there is plenty of business inspiration right here in Africa.
Where are you finding growth in Africa? Let us know on social media using #sageadvice.
Regardless of your sector, government regulations will still impact your business. Not sure what impact the 2017/18 Budget will have on salaries? Our Sage salary tax calculator helps to take the guesswork out, so you can focus on building your business.
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