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Ashburn, United States | 21°C | Broken cloudsMcKinsey & Co
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 […]
...Nigeria recently celebrated a full year and a half without a new case of wild poliovirus. The World Health Organization (WHO) has certified there has been no evidence of wild polio in Nigeria for more than a year and removed it from the list of polio-endemic countries. These are milestones both for Nigeria and for the global campaign […]
...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 […]
...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 […]
...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 […]
...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, […]
...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 […]
...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 […]
...Solving Africa’s Infrastructure Paradox
Welcome to Africa.com’s special feature dedicated to the museums of Africa — a window into the soul of a diverse, vibrant, and infinitely rich continent. Heritage is an intricate tapestry, woven from not just tangible artifacts, architectural marvels, and stunning landscapes, but also from the intangible threads of voices, values, traditions, and oral histories.
