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This article is a collaborative effort by Kartik Jayaram, Kevin Leiby, Acha Leke, Amandla Ooko-Ombaka, and Ying Sunny Sun, representing views from across the McKinsey Africa Practice. COVID-19 poses a grave threat to lives across Africa, with the World Health Organization (WHO) estimating that the continent could see up to 190,000 deaths over the next […]
...Leaders in the public, private, and development sectors have been quick to act—both to limit the spread of the pandemic and to safeguard economies and livelihoods in Africa. Several African countries have already acted to inject liquidity into their economies, reduce interest rates, help businesses survive the crisis, and support households’ economic welfare—in many cases […]
...COVID-19 will greatly reduce Africa’s GDP growth in 2020 As of March 31, more than 720,000 cases of COVID-19 had been recorded worldwide, with nearly 40,000 deaths. The number of cases, and deaths, has been growing exponentially. Compared to other regions, the number of recorded cases in Africa is still relatively small, totaling about 5,300 […]
...An unfolding health and economic crisis that demands bold action__ By Kartik Jayaram, Acha Leke, Amandla Ooko-Ombaka, and Ying Sunny SunOpen interactive popup. The COVID-19 pandemic is primarily a health crisis and a human tragedy, but it also has far-reaching economic ramifications. In Africa, it is already disrupting millions of people’s livelihoods, with disproportionate impact on poor households […]
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...Africa has so much promise. The continent is home to some of the world’s fastest growing economies and offers an exciting frontier for businesses looking for growth and new markets. And yet, persistent gender inequality is limiting its potential. Pockets of good news do exist, but they tend to be success stories for women at the […]
...Decision makers should not assume the worst. Less than ten weeks have passed since China reported the existence of a new virus to the World Health Organization. This virus, now known as SARS-CoV-2, causing COVID-19 disease, spread quickly in the city of Wuhan and throughout China. The country has experienced a deep humanitarian challenge, with more […]
...African Leadership Academy cofounder Fred Swaniker explains why companies should invest in people and harness technology to take on the continent’s big challenges. There are many business opportunities in Africa, but talent is a crucial component to deliver on the potential. As founder of the African Leadership Academy and the African Leadership Network, Ghana’s Fred Swaniker has […]
...Drawing on research undertaken at over 200 African companies and interviews with more than 30 women leaders across the continent, McKinsey & Company’s latest report on Africa, Women Matter Africa, highlights that the continent has taken big strides regarding women’s representation in the private and public sectors. SOME KEY FINDINGS IN WOMEN MATTER AFRICA REPORT: In the private […]
...Private equity is set to grow rapidly across Africa. Continent-wide demand for capital should increase by 8 percent a year between now and 2018. Annual growth could reach 20 percent in resource-rich Angola and nine other countries, and $50 billion in total investment is possible over the next decade. But there will be wide variations […]
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New Satirical Drama Nya Uriri (Pek Chi Liel) – The Widow’s Burden Sparks Conversations On Widowhood And Inheritance In African Culture