Africa’s Broad Growth Story

Categories: Financial Services , IGD Members , Insights

Naveed Riaz at the IGD Frontier 100 Forum in Cape Town, 2011IGD Frontier Leader Naveed Riaz, CEO of Africa for Citigroup Inc., recently analyzed Africa’s growth story in an interview with This is Africa. The IMF has predicted growth rates of over five percent for Sub-Saharan Africa in 2013 and Riaz believes the continent’s strong performance will continue in years to come.

“The story is broader than just commodities and oil and gas,” states Riaz. “If you look at the agricultural potential for Africa, that in itself is a very large option, as the world looks at food security. Similarly, if you look at consumer products, I believe that in itself will be a very large opportunity for many players.”

> Watch the full interview: What is driving Africa’s growth (via This is Africa)