JOHANNESBURG, (CAJ News) – THE continent’s most admired brands will be unveiled in Johannesburg, South Africa on Thursday.
These will be made public under the auspices of the fourth Brand Africa 100: Africa’s Best Brands rankings of the Top 100 Most Admired and Most Valuable brands.
Brand Africa 100 is a proprietary approach developed by Brand Leadership Group in partnership with Brand Finance plc, the world’s leading independent valuation consultancy, TNS, the globally respected consumer
knowledge and information company and Geopoll, the leading mobile survey platform with a database of nearly 200 million users in emerging markets.
“These rankings are an important metric of the progress Africa is making in building made in Africa brands and challenging the dominant non-African brands in Africa which over the years have accounted for 80 percent of the most admired brands in Africa and a dominant 99 percent share of the value of the Top 100,” said Thebe Ikalafeng, Founder and Chairman – Brand Africa.
He said while non-African brands dominated Africa because of their sheer volumes, historical admiration and investment, it was important for Africa’s ultimate economic independence that it competes for a larger
share of its own consumer base, which is estimated will reach a population of $2 billion by 2050 and achieve consumer expenditure of $1 trillion by 2020.
“Equally, the license for non-African brands to thrive in Africa will be determined no longer by history and economic might, but by how they adapt to the evolving and increasingly assertive African consumer who demand brands that reflect their needs, conditions and ambitions.”
The rankings, first launched in 2011 at the second Brand Africa FORUM, have been held in Johannesburg, South Africa in 2011 in partnership with Brand South Africa, in Nairobi, Kenya in 2014 in partnership with the
Kenya Securities Exchange and in New York in 2013 partnership with African Business ion the sidelines of the UN General Assembly.
This year, the scope and sample countries have been vastly expanded from a base of eight countries in the past years to 22 countries covering every leading African economy, all 5 political regions and economic zones – making it the only and most representative and comprehensive pan-African study on brands in Africa.
– CAJ News