McKinsey & Company

Business

‘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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Business

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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Business

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

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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Business

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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Business

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
Business

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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The Rise of the African Consumer
Business

McKinsey Report: The Rise of the African Consumer

By now, most investors and businesses know about the tremendous potential of Africa—the world’s second-fastest-growing region, topped only by emerging Asia. But it may come as a surprise that Africa’s growth is fueled not by resources but rather by a rising consumer market. The continent’s consumer-facing industries are expected to grow by $400 billion, representing

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Solving Africa’s Infrastructure Paradox

McKinsey On COVID-19

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. 

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