Here is a selection of emerging African business and economic trends that came across our desk over the past year. South African retailers retreat from east and west AfricaThe recent announcement that South African retail company Massmart was selling off its once-prized Game stores in five African countries rang alarm bells about the future of the consumer opportunity in Africa. However, this past year, there has been a retreat of South Africa’s biggest retailers from many African markets. A rush of investments into research and medical facilities across the continent will see overseas-bound medical tourists staying local as regional centres of excellence abound. Africa’s own regional medical tourism destinations are increasing beyond South Africa, Morocco, Egypt and Tunisia – which currently have the most advanced medical facilities on the continent – according to Research and Market’s Medical Tourism 2022: African potential.

Source: The North Africa Journal December 13, 2021 19:58 UTC