Africa’s middle class is characterised by a per capita daily consumption of $2-$20, according to the African Development Bank. Photo/FILE
Experts attribute the growth to increased investments in the service sector, the unlocking of the continent’s vast natural resources and sound economic policies countries have been pursuing in the past two decades.
Africa’s middle class is widely acknowledged to be the continent’s future in terms of economic and political development.
But it is difficult to determine exactly who falls into this key group and even harder still to accurately establish how many middle-class people there are in Africa.