Africa's middle-class boom is real, study shows - and it's gaining speed: Simon Freemantle, Senior Political Economist, Standard Bank

The rise in Africa’s middle class has been over-hyped in recent years, but it is still a genuine phenomenon that is generating huge commercial and political opportunities, a new study says.

The analysis released on Tuesday by Standard Bank, a South African bank with operations across Africa, estimates that the African middle class has tripled in size over the past 14 years – and the boom is gathering speed.

Read more: Africa’s middle-class boom is real, study shows – and it’s gaining speed – The Globe and Mail.

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