Namibia ranked third amongst 10 countries in a study to determine how to best enter sub-Saharan Africa’s rapidly growing retail market

WINDHOEK: Namibia was ranked third amongst 10 countries in a new study designed to help large, organised retailers determine where and how to best enter sub-Saharan Africa’s rapidly growing retail market.

The African Retail Development Index (ARDI), issued by leading global strategy consultancy firm AT Kearney today, is a useful framework for retailers because it not only identifies the markets in Africa which are most attractive for retail expansion today, but also those that offer the most potential in future.

Rwanda tops the list, followed by Nigeria in second place, Tanzania in fourth, Gabon in fifth, and Ghana in sixth place.

South Africa was ranked seventh, Botswana eighth, Mozambique ninth, and Ethiopia tenth.

The development of organised retail is a solid predictor of opportunity for other industry sectors as well, such as communications and telecommunications, financial services, and infrastructure.

A key partner, ARDI co-author Bart van Dijk, was quoted in the index as saying there are wide differences in infrastructure and supply chain development across African countries.

SOURCE: NAMPA