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Originally published by The Standard Business
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July 8, 2026
5h ago

Africa's beverage industry offers renewed investment frontier

Africa's beverage industry offers renewed investment frontier

Industry leaders say Africa's beverage sector must invest in innovation, branding and consumer insights to build resilient global brands and capitalise on rising investor interest and market growth...

✨ Key Highlights

Africa's beverage industry is poised for significant growth, expected to reach $2.5 trillion by 2030, but faces challenges requiring greater investment in innovation, branding, and consumer intelligence to unlock its full economic potential.

  • Expected growth rate of 7-8% annually through 2030 on the continent's food and beverage market.
  • Industry leaders, including Tosin Balogun of Drinkable Africa

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