The industry can achieve global cost competitiveness if the private and public sectors take concerted action. The mining value chain is the historic bedrock of South Africa’s economy. It directly contributes more than 300 billion rand to GDP, directly employs more than 450,000 people, and is the economic anchor of many communities around the country.
Meet Acha Leke, senior partner and chairman of McKinsey’s Africa office, and coauthor of Africa’s Business Revolution: How to Succeed in the World’s Next Big Growth Market. “Companies in Africa actually tend to grow faster and are more profitable than their peers around the world, because once you get the business model right, it’s actually more difficult for folks to come in and try to replicate it.”
Graça Machel, an international human-rights and development advocate, is the founder and patron of New Faces New Voices, a pan-African network that focuses on expanding the role and influence of women in the financial sector.
Aliko Dangote has built one of Africa’s largest industrial firms from humble origins as a trading company started with a small loan from his uncle in 1978. Today, the Nigeria-based Dangote Group has annual revenues exceeding $4 billion.
Fred Swaniker is the founder of several innovative educational and leadership institutions, including the African Leadership University (ALU), whose campuses in Rwanda and Mauritius are based on a new model of higher education.
Nadia Fettah, CEO of Morocco-based Saham Finances, has overseen the company’s expansion from a small local firm into a leading African insurance company operating in 23 countries across the continent.
An interview with Coca-Cola’s former president of Africa Alexander Cummings discusses the continent’s potential and ways companies can establish a presence there by partnering for development and building local relevance. Coca-Cola has had a presence in Africa since 1928, when the first bottle was sold in Cape Town, South Africa. But its approach has changed in
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
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
The coronavirus outbreak is first and foremost a human tragedy, affecting hundreds of thousands of people. It is also having a growing impact on the global economy. While business leaders are working to get a perspective on the evolving situation and the implications for their companies, they are only as strong as the communities of which they are a part. As decision makers figure out how to support response efforts—such as by providing money, equipment, or expertise, they should not assume the worst.
Unlike many global publications, for nearly a decade we have been committed to showing a complete picture of Africa – not just a single story. Offended by one-sided coverage of wars, disasters and disease, the founders of Africa.com created a website that provides a balanced view of Africa – current events, business, arts & culture, travel, fashion, sports, information, development, and more.
