McKinsey

Should Sub-Saharan Africa Make Its Own Drugs?

Should Sub-Saharan Africa Make Its Own Drugs?

A comprehensive analysis of the business, economic, and public-health impact finds the potential for local production of pharmaceuticals to be a mixed bag. Article written by Michael Conway, Tania Holt, Adam Sabow, and Irene Yuan Sun With imports comprising as much as 70 to 90 percent of drugs consumed in most countries in sub-Saharan Africa, many governments are considering …

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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? …

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Africa and China: Dance of the Lions and Dragons

Chinese firms in Africa could reach revenues of $440 billion in 2025 by aggressively expanding in both existing and new sectors on the continent. This forms part of the findings of McKinsey & Company’s latest report, “Dance of the Lions and Dragons,” in which the global consulting firm takes a closer look at the Africa-China …

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‘Big Five’ Growth Opportunities That Exists In South Africa

In the two decades since people in South Africa worked together to transform their political landscape and usher in a new democracy, the country has made remarkable progress. In particular, GDP has nearly doubled in real terms, lifting millions of people out of poverty and into the middle class and greatly expanding access to services. Yet …

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Dangote Group on the Africa Opportunity

Aliko Dangote, CEO of West Africa’s largest conglomerate, discusses expansion plans for his company and why now is the time to invest in Africa. Dangote Group is one of Africa’s leading industrial conglomerates, with interests in everything from cement to food. Yet one of the most promising ventures, in the eyes of founder, president, and …

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McKinsey Report: Development In Electrical Power Across Africa

Powering Africa Sub-Saharan Africa is starved for electricity. The region’s power sector is significantly underdeveloped, whether we look at energy access, installed capacity, or overall consumption. The fact that sub-Saharan Africa’s residential and industrial sectors suffer electricity shortages means that countries struggle to sustain GDP growth. The stakes are enormous. Indeed, fulfilling the economic and social …

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Minister Ngozi Okonjo-Iweala

McKinsey Global Institute Interview: Minister Ngozi Okonjo-Iweala

Nigeria’s finance minister, Ngozi Okonjo-Iweala, explains why addressing the technology, agriculture, and infrastructure needs in parts of Africa, and in other emerging markets, is crucial to sustaining global growth. The Growth Opportunity in Africa Emerging markets offer the largest opportunity to accelerate productivity growth and sustain broader global economic prosperity. In Nigeria, Africa’s largest economy, …

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A Major Potential Revenue Opportunity for Mobile Financial Services

Simplifying assumption that revenues are 2% of volume. Source: The Bill and Melinda Gates Foundation; McKinsey analysis. Sub-Saharan Africa offers tantalizing potential for mobile financial services, but as yet there have been few success stories. One hurdle has been the lack of clear numbers on the size of the opportunity. Mobile financial services—often called mobile …

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Lions Go Global: Deepening Africa’s Ties to the United States

Africa is the world’s second-fastest growing economic region, yet United States engagement with the continent is lagging. There’s an opportunity to change that. The White House has invited some 50 African heads of state to Washington, DC, this week, presenting a historic opportunity to deepen US ties to the continent. But it would be a …

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Internet in Africa

Lions Go Digital: The Transformative Potential Of The Internet in Africa

Following a decade of rapid urbanization and strong economic growth, Africa is going digital. While just 16 percent of the continent’s one billion people use the internet, that picture is changing rapidly. Evidence of what is to come can already be seen in Africa’s major cities, where consumers have greater disposable income, more than half …

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