LIONS ON THE MOVE II: REALIZING THE POTENTIAL OF AFRICA’S ECONOMIES
(September 2016)Zusammenfassung
Has Africa’s growth run out of steam? This question is on the minds of many investors, business leaders, and policy makers as they observe the effects of lower resource prices and higher levels of sociopolitical instability on the continent’s GDP. Compared with the consistently positive growth trajectory we described in our 2010 report on
Africa’s economies, Lions on the move: The progress and potential of African economies, the picture today is more complex. Growth paths among Africa’s economies have diverged.
This more mixed picture seemed to make this a good time for MGI to revisit Africa’s growth story. In this report, we look beyond Africa’s immediate challenges and assess
economic prospects to 2025 and beyond. The findings should be encouraging both for companies looking for business-building opportunities and for governments seeking to accelerate growth and human development. In the years ahead, Africa will benefit from strong fundamentals including a young and growing population, the world’s fastest urbanization rate, and accelerating technological change. These will help drive rapid growth in consumer markets and business supply chains and will offer opportunities to build large, profitable industrial and services companies. But much work needs to be
done both by companies themselves and by Africa’s governments to translate opportunity into tangible economic benefits.