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Regardless, even when the input costs are low, the only buyers often are locals buying solely on price and what is available as quality, particularly around packaging, is still very low. Capturing the burgeoning middle class market and the starving export market is a big challenge for local African producers.
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Africa presents one of the fastest developing markets in the world and the demand for cosmetics is growing at a frantic pace. Not only is there a huge pent up demand for upmarket products from Europe and North America but also for the entire range of beauty and personal care products from major manufacturers around the world.
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To calculate each city's Price Index value, we start by assigning a value of 100 to a central reference city (that happens to be Prague). Once the reference point has been established, the Price Index value of every other city in the database is calculated by comparing their cost of
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Sep 12, 20170183;32;The African market has not yet been able to achieve self sustenance in the electronics sector. As such, it relies on external players in the industry to fill its growing need for such gadgets as television sets, radios, generators, electric heaters,hair dryers and power units among others.
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