Seven Reasons Why Africa’s Time Is Now
Here’s a link to a recent infographic in HBR. http://hbr.org/2013/10/seven-reasons-why-africas-time-is-now/ar/1
Summary:
Africa’s economy is growing faster than the economies of all other continents. About a third of the 54 African countries are seeing annual GDP growth of more than 6%. But this isn’t just about diamonds and oil: Only 24% of the growth from 2000 to 2008 was attributable to natural resources. What’s making this diverse and complex continent boom? Here are some surprising facts about Africa’s $2 trillion economy.
1. Huge Market Opportunity
2. Increasingly Stable
3. Intra-African trade is in its infancy
4. It will soon have the world’s largest workforce
5. 20% of Government spending goes to education
6. Mobile is exploding
7. Contains most of the world’s uncultivated cropland
Categories: Food for Thought, The Big Picture, Trends, Patterns, Indicators