McKinsey & Company
Source: McKinsey & Company |

McKinsey shows Africa is the world’s next big growth market

There is a trillion-dollar opportunity to industrialize Africa, to meet rising domestic demand and create a bridge-head in global export markets

A new book by McKinsey (https://www.McKinsey.com/) confirms that Africa is poised for economic acceleration, akin to the Asian boom. While other geographies are seeing incremental growth, global companies that get in early and join the African champions shaping the right strategies, can sustain double-digit profit growth over the next few…

McKinsey & Company
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Source: McKinsey & Company |

Roaring to life: Growth and innovation in African retail banking

The McKinsey Global Banking report finds winning strategies among Africa’s top banks

The McKinsey Global Banking (www.McKinsey.com) practice has today published a new report on African Retail Banking - Roaring to life: Growth and innovation in African retail banking (https://goo.gl/grn5ju).  The report finds that Africa’s banking markets are among the most exciting in the world. The continent’s overall banking market is the…

McKinsey & Company
Source: McKinsey & Company |

McKinsey's latest report on Africa-China economic partnership challenges previous beliefs

Through a study conducted across eight countries that together make up about two-thirds of Sub-Saharan Africa’s GDP, the report finds that there are already over 10,000 Chinese firms operating in Africa—four times the previous estimate

China is Africa’s largest economic partner. Yet it has been a challenge to understand the full extent of the partnership due to a dearth of data. A new report by McKinsey Africa (www.McKinsey.com) finds that its involvement is bigger and more multifaceted than previous studies suggest. Through a study conducted…

McKinsey & Company
Source: McKinsey & Company |

Africa’s Overall Growth has slowed but New Research shows Long-Term Fundamentals are Strong and there are Big Business Opportunities ahead

Business spending is expected to grow from $2.6 trillion in 2015 to $3.5 trillion by 2025

Six years ago when the McKinsey Global Institute (www.McKinsey.com/mgi) first looked in detail at Africa’s diverse economies, almost all of them were experiencing accelerating growth.The picture today is more mixed. MGI’s new report Lions on the move II: Realizing the potential of Africa’s economies finds that Africa’s economies’ growth paths have…