Forward Thinking on trade, vaccines, and sustainable and inclusive growth

WTO Director-General Ngozi Okonjo-Iweala The World Trade Organization’s first African—and first female—director-general reflects on the impact of the pandemic on trade, the imperative to ensure that vaccines reach Africa and other emerging economies, and how to ensure that trade is more inclusive in the years ahead. In this episode of the McKinsey Global Institute’s Forward Thinking podcast, guest …

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Winning in business in Africa

Winning in Business in Africa

Young, fast growing, and urbanising –Africa is ripe for businesses What exactly is the reality of doing business in Africa? Is the business environment filled with only crisis and conflicts or are there possibilities that could get even bigger with the rate of urbanisation, rising incomes and increasingly better governance practices on the continent? That …

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How the COVID-19 crisis can catalyze change

This article is a collaborative effort by Kartik Jayaram, Kevin Leiby, Acha Leke, Amandla Ooko-Ombaka, and Ying Sunny Sun, representing views from across the McKinsey Africa Practice.  COVID-19 poses a grave threat to lives across Africa, with the World Health Organization (WHO) estimating that the continent could see up to 190,000 deaths over the next …

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Bold Action Needed Now

Leaders in the public, private, and development sectors have been quick to act—both to limit the spread of the pandemic and to safeguard economies and livelihoods in Africa. Several African countries have already acted to inject liquidity into their economies, reduce interest rates, help businesses survive the crisis, and support households’ economic welfare—in many cases …

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COVID-19 Will Greatly Reduce Africa’s GDP Growth

COVID-19 will greatly reduce Africa’s GDP growth in 2020 As of March 31, more than 720,000 cases of COVID-19 had been recorded worldwide, with nearly 40,000 deaths. The number of cases, and deaths, has been growing exponentially. Compared to other regions, the number of recorded cases in Africa is still relatively small, totaling about 5,300 …

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Tackling COVID-19 in Africa

An unfolding health and economic crisis that demands bold action__ By Kartik Jayaram, Acha Leke, Amandla Ooko-Ombaka, and Ying Sunny SunOpen interactive popup. The COVID-19 pandemic is primarily a health crisis and a human tragedy, but it also has far-reaching economic ramifications. In Africa, it is already disrupting millions of people’s livelihoods, with disproportionate impact on poor households …

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McKinsey Reports on Africa

Our mission is to help leaders in the commercial, public, and social sectors develop a deeper understanding of the evolution of the global economy and to provide a fact base that contributes to decision making on critical management and policy issues.

The Power of Parity: Advancing Women’s Equality in Africa

Africa has so much promise. The continent is home to some of the world’s fastest growing economies and offers an exciting frontier for businesses looking for growth and new markets. And yet, persistent gender inequality is limiting its potential. Pockets of good news do exist, but they tend to be success stories for women at the …

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COVID-19: Implications for Business

Decision makers should not assume the worst. Less than ten weeks have passed since China reported the existence of a new virus to the World Health Organization. This virus, now known as SARS-CoV-2, causing COVID-19 disease, spread quickly in the city of Wuhan and throughout China. The country has experienced a deep humanitarian challenge, with more …

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