Business
The top 5 countries that fuel Africa’s economic growth

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Top 5 Countries Driving Africa’s Economic Growth in 2024: Powerhouses Shaping the Continent’s Future. Africa’s 1.4 billion population with its abundant resources makes it an investment heaven and the toast of several new businesses thus its status as a notable global economic player.
The AfDB added that in 2024, about 41 countries across the continent will experience a 3.8% economic growth rate, while 13 countries will witness an added percentage point higher than the figure recorded in 2023.
However, the distribution of GDP growth has been noticed to be unequal according to a report by the International Monetary Fund (IMF).
This report noted that from the 53 African countries sampled, the combined GDP of the big five countries which are South Africa, Egypt, Algeria, Nigeria, and Ethiopia ($1.4 trillion) made up half of the combined GDPs of the entire African nations

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South Africa’s position as number one on the list is a result of the country’s strong financial standing, vibrant manufacturing sector and its robust mining industry.
Egypt comes next in the second position due to its strategic position and control of the Suez Canal which generates significant revenue for the country. In third and fourth position are Nigeria and Algeria which rely solely on their energy sector.
The last on the list, Ethiopia has a strong and vibrant agricultural industry with coffee as its key export driver.
Meanwhile, the rest of Africa, 48 countries in total, also have a combined GDP of $1.4 trillion.
Amid the uncertainties in the global economy, Africa has been projected to experience some growth in its GDP as the continent’s policymakers continue to forge the necessary alignments to drive economic diversification strategies.
To maintain this economic drive and sustain the improvements in GDP, African countries have been urged to focus more on investing in key growth sectors, as well as the implementation of domestic policies aimed at reversing policy effects that increase the cost of living.
GDP Rank | African Country | GDP (2024, Billions) |
---|---|---|
1 | South Africa | $373.23 |
2 | Egypt | $348 |
3 | Algeria | $267 |
4 | Nigeria | $253 |
5 | Ethiopia | $205.13 |
TOTAL | $1.445 trillion |
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Business
Nigerian Breweries’ Sade Morgan named Corporate Affairs Director for Heineken Africa & Middle East

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10 hours agoon
April 28, 2025By
John
Nigerian Breweries Plc- Nigeria’s foremost brewing company, has announced the appointment of Sade Morgan as the Corporate Affairs Director, for Heineken Africa & Middle East (AME) region. Her appointment takes effect on 1st May, 2025.
The appointment was conveyed in a statement signed by the Managing Director, Nigerian Breweries Plc, Hans Essaadi on Friday, April 4, 2025.
Morgan, who is currently Nigerian Breweries Corporate Affairs Director, has been elevated to a global role at Heineken, succeeding David Paterson and becoming the first regional national from AME region to hold this senior leadership role.
In this role, Morgan joins both the Heineken Global Corporate Affairs Leadership Team and the Heineken AME Management Team to continue to drive the Corporate Affairs strategy in advancing the growth agenda and protecting the reputation for HEINEKEN in AME.
Since joining NB Plc in 2018 as Corporate Affairs Director, she has led high-stakes regulatory and fiscal engagements in a dynamic operating environment, driving a robust optimal business climate agenda for the Nigerian business, mitigating significant excise tax increases and securing a more viable regulatory framework.
More recently, she played a key role in managing the temporary suspension of operations in select breweries in Nigeria, ensuring seamless stakeholder engagement and business continuity. Beyond her role in regulatory affairs, she has also provided strategic leadership in advancing Heineken’s Brew a Better World sustainability ambitions and goals in Nigeria.
Morgan was recently awarded the 2025 Outstanding Corporate Spokesperson of the year in the 2nd edition of the Nigerian National SpokesPersons Award, and Corporate Communications Professional of the year at the 2024 Lagos Public Relations Industry Gala and Awards.
Morgan is a highly accomplished corporate executive with a remarkable 27-year track record of driving business growth, managing risk, and leading high-performing teams across various industries, including fast-moving consumer goods, tobacco, and beverages. A lawyer, corporate affairs and communications professional, her impressive track record speaks for itself, with wide cross-geographical experience and a passion for building winning teams and empowering women.
Sade started her career as a lawyer in 1993 and has since worked with top Nigerian law firms and multinational companies honing her skills in resolving complex business issues across diverse sectors. In her current role as Corporate Affairs Director for Nigerian Breweries Plc, a position she has held since December 2018, Sade has been instrumental in shaping the company’s corporate governance, regulatory affairs, reputation management, and sustainability strategies.

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Her expertise spans legal, regulatory, and business leadership roles, having served as Legal, Public Affairs and Communications Director at Coca-Cola Hellenic Bottling Company as well as other various roles within the company including Executive Committee and Board member. She has also served as Legal Director and EEMEA Regulatory and Marketing Counsel for British American Tobacco’s global operations.
A distinguished alumnus of prestigious business schools IMD and INSEAD, Sade holds honors degrees in Law from Obafemi Awolowo University and the Nigerian Law School. She is a respected member of the Institute of Directors, the Nigerian Institute of Public Relations, and she pioneered the Food and Beverage Recycling Alliance (Nigeria) as its first Chairperson. Sade is happily married with 3 children to Seye Morgan, Managing Director/Chief Executive Officer, Rihago Auction Ltd.
Beyond her corporate achievements, Sade has played a pivotal advisory role in shaping public policy on business regulation and corporate governance in Nigeria. Her exceptional leadership and expertise have influenced decision-making in the consumer goods, beverages, and tobacco sectors, cementing her reputation as a champion of ethical practices and corporate responsibility within the private sector.
Prior to joining Heineken, she was the Legal, Public Affairs, and Communications Director at Nigerian Bottling Company, a subsidiary of Coca-Cola Hellenic Bottling Company, where she played a pivotal role in regulatory and stakeholder engagement, crisis management, and corporate reputation strategy.
Before then, she also held senior legal, corporate affairs and regulatory roles at British American Tobacco, including an international assignment in the UAE, where she sat on the Management Team supporting the Gulf Cooperation Council (GCC) countries. She also served as West Africa Area Legal Director, driving legal, policy advocacy and regulatory strategy across multiple markets, followed by a UK-based role where she had regulatory marketing oversight for the Africa, Middle East & Eastern Europe (AMEE) region. Prior to joining British American Tobacco, she worked in two of the most reputable commercial law firms in Nigeria- Adepetun, Caxton-Martins and Segun(ACAS) and Aluko & Oyebode.
Morgan is an alumna of executive management programs at IMD (Switzerland) and INSEAD (France) and an active member of professional organizations including the Institute of Directors and the Nigerian Institute of Public Relations. She was also the inaugural Chairperson of the Food and Beverage Recycling Alliance in Nigeria.
Her leadership and ability to navigate complex regulatory landscapes will be crucial in driving the Corporate Affairs agenda across the AME region.
About Nigerian Breweries PLC:
A member of the HEINEKEN Group, Nigerian Breweries Plc is Nigeria’s pioneer and largest brewing company. Incorporated in 1946 as "Nigerian Brewery Limited,” the company made history in June 1949 when the first bottle of STAR lager beer rolled out of its Lagos brewery bottling line. Today, it has a rich portfolio of 19 high-quality brands (Heineken, Desperados, Maltina, Life, Amstel Malta, Gulder, Fayrouz, and Legend) produced from nine breweries and two malting plants distributed nationwide.
Nigerian Breweries Plc is also the recipient of several awards and recognition in other areas of its operations, including product quality, marketing excellence, productivity and innovation, health and safety, corporate social responsibility, and sustainability.
To learn more, visit the Nigerian Breweries website: nbplc.com
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