[b]Despite limited financial resources,
Africans are spending an estimated
$7 billion on their hair, Media
reports.

According to Euromonitor
International, people in South Africa,
Nigeria and Cameroon alone spend
about $1.1 billion on hair care
products. That includes shampoo,
lotions and relaxers.

The amount of money brought in by
fake hair far outpaces that number,
though. Reportedly, the dry hair
(aka weaves, wigs and extensions)
industry is estimated to be around $
6 billion a year.

The African hair industry has
become so big that Unilever now has
salon in Johannesburg boasting its
full line of Motions products.

Then there’s L’Oreal, which is
looking to do more research into
African hair and skin as it expands
its Dark And Lovely line of relaxers
and other products. L’Oreal also has
factories South Africa and Kenya, the turn out about half of the
products it ships all over Africa.

Much of this growth has gone in just
the last 10 years according to
L’Oreal South Africa Managing
Director Bertrand de Laleu. “African women are probably the
most daring when it comes to hair
styles,” Bertrand told Reuters.

He
implied that the adventurous is a
result of how much more accessible
different options are. “Suddenly you can play with new tools that didn’t
exist or were unaffordable.”

Kabir Mohamed, managing director
of South Africa’s Buhle Braids
pointed out that just in South Africa,
there are over 100 different brands
of hair, bumping the market in the
one country to $600 million!


The majority of the hair sold in
Africa comes from Asia and is made
of cheaper, synthetic fibers. Natural
hair is offered, but it costs quite a bit
more money–this is not a shock to
weave connoisseurs.


Shelling out big bucks to get your
hair done isn't a new thing to black
women stateside. As of 2013, Mintel
market research found that the
Black hair care industry was a $684
million market .

That estimate wildly inflates to $500
billion if extensions and sales from
independent suppliers are included[/b]

our women are destroying that continent

Source, or I don't bliv.

not surprised




anyways op, where's ur source? mtwchw