Showing posts with label Extensions. Show all posts
Showing posts with label Extensions. Show all posts

Thursday, August 7, 2014

Study Reveals Africans spent Around $7 Billion On Weaves, Wigs, Extensions And Relaxers last Year!



According to a new report by Reuters, the African hair care business has become a multi-billion dollar industry; so much so that just last year alone, over $7 billion dollars (N1.7 trillion) was spent!
Read their report below:

With all the skill of a master weaver at a loom, Esther Ogble stands under a parasol in the sprawling Wuse market in Nigeria's capital and spins synthetic fibre into women's hair. Nearby, three customers - one in a hijab - wait for a turn to spend several hours and $40 to have their hair done, a hefty sum in a country where many live on less than $2 a day. 
While still largely based in the informal economy, the African haircare business has become a multi-billion dollar industry that stretches to China and India and has drawn global giants such as L'Oreal and Unilever.
Hairdressers such as Ogble are a fixture of markets and taxi parks across Africa, reflecting both the continent's rising incomes and demand from hair-conscious women.

ST

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