Charles Brewer, managing director of DHL Express sub-Saharan Africa (SSA), says one sector providing plentiful prospects is the agricultural industry, which is Africa's largest economic sector representing 15% of the continent's total GDP and more than $100bn per year. "It is estimated that more than 60% of the globe's available and vacant land is situated in SSA, which suggests that the sector still offers incredible growth."
Another industry seeing significant growth is the banking sector, which has grown extensively over the last decade and has become a substantial player in emerging-market banking. Brewer says that the rising middle class and 'unbanked' African consumers should continue to drive the industry. Other industries experiencing growth and offering prospects on the continent include technology, consumer goods and telecommunications.
In addition to these thriving industries, Brewer identifies five unexpected 'boom towns' and cities that are enjoying growth on the back of these industries, therefore providing opportunities for African businesses: