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From Egypt to South Africa, Kenya to Senegal, Africa’s economies are on the move. With a population that will double in the next five years and a range of untapped markets, is Africa the next China? The continent’s increased economic momentum is widely recognized, but less is known about its sources and staying power; and while the rate of return on foreign investment is higher than in any other developing region, so are the number of potential pitfalls. The San Francisco Based Director of McKinsey Global Institute, James Manyika, will present the results of a new report, Lions on the Move: The Progress and Potential of African Economies, and discuss the causes of Africa’s recent growth acceleration, the economic outlook for the years ahead and the emerging opportunities for business. Will the short term hurdles of corruption and violence deter future investors, or is this a place that global executives and shareholders cannot afford to ignore?
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From Egypt to South Africa, Kenya to Senegal, Africa’s economies are on the move. With a population that will double in the next five years and a range of untapped markets, is Africa the next China? The continent’s increased economic momentum is widely recognized, but less is known about its sources and staying power; and while the rate of return on foreign investment is higher than in any other developing region, so are the number of potential pitfalls. The San Francisco Based Director of McKinsey Global Institute, James Manyika, will present the results of a new report, Lions on the Move: The Progress and Potential of African Economies, and discuss the causes of Africa’s recent growth acceleration, the economic outlook for the years ahead and the emerging opportunities for business. Will the short term hurdles of corruption and violence deter future investors, or is this a place that global executives and shareholders cannot afford to ignore?
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