{"id":1673,"date":"2016-10-13T14:32:43","date_gmt":"2016-10-13T13:32:43","guid":{"rendered":"https:\/\/blog.iese.edu\/africa\/?p=1673"},"modified":"2016-11-21T15:04:27","modified_gmt":"2016-11-21T14:04:27","slug":"africa-rising-no-question","status":"publish","type":"post","link":"https:\/\/blog.iese.edu\/africa\/2016\/10\/13\/africa-rising-no-question\/","title":{"rendered":"Africa rising: no question!"},"content":{"rendered":"<p>Early this year, I wrote a post titled \u201c\u2018Africa Rising\u2019 \u2013 Under question?\u201d The report McKinsey released last month \u201c<a href=\"http:\/\/www.mckinsey.com\/global-themes\/middle-east-and-africa\/realizing-the-potential-of-africas-economies\" target=\"_blank\">Lions on the move II: Realizing the potential of Africa\u2019s economies<\/a>\u201d has brought the discussion back to the forefront: <b>Africa is rising<\/b> \u2013 no question about it. But Africa is not one country, one economy, one market: it\u2019s 54 of them (or 53 if one doesn\u2019t consider South Sudan \u2013 as McKinsey doesn\u2019t).<\/p>\n<p><b>Which are the countries rising in Africa?<\/b> McKinsey includes in their report 30 countries accounting for 96 % of the continent\u2019s 2015 GDP, and 87 % of the total population. 10 of these are classified as \u201cstable growers.\u201d This means that: (1) their real GDP growth rate is higher than the global average at 2.9 %, and (2) their stability is above the median in the MGI\u2019s African Stability Index.<\/p>\n<figure id=\"attachment_1674\" aria-describedby=\"caption-attachment-1674\" style=\"width: 744px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-1674\" src=\"https:\/\/blog.iese.edu\/africa\/files\/2016\/10\/Africa-growth.jpg\" alt=\"A view of Nairobi\" width=\"744\" height=\"558\" srcset=\"https:\/\/blog.iese.edu\/africa\/files\/2016\/10\/Africa-growth.jpg 744w, https:\/\/blog.iese.edu\/africa\/files\/2016\/10\/Africa-growth-300x225.jpg 300w, https:\/\/blog.iese.edu\/africa\/files\/2016\/10\/Africa-growth-500x375.jpg 500w\" sizes=\"auto, (max-width: 744px) 100vw, 744px\" \/><figcaption id=\"caption-attachment-1674\" class=\"wp-caption-text\">A view of Nairobi<\/figcaption><\/figure>\n<p>I thought it might be interesting to get some more information about the stable growers, so I did some search:<\/p>\n<p><a href=\"https:\/\/blog.iese.edu\/africa\/files\/2016\/10\/growth.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-1767\" src=\"https:\/\/blog.iese.edu\/africa\/files\/2016\/10\/growth-300x203.png\" alt=\"growth\" width=\"729\" height=\"493\" srcset=\"https:\/\/blog.iese.edu\/africa\/files\/2016\/10\/growth-300x203.png 300w, https:\/\/blog.iese.edu\/africa\/files\/2016\/10\/growth-500x338.png 500w, https:\/\/blog.iese.edu\/africa\/files\/2016\/10\/growth.png 569w\" sizes=\"auto, (max-width: 729px) 100vw, 729px\" \/><\/a><\/p>\n<p>Economic development is one element in a country\u2019s development path. But for it to lead to a country\u2019s authentic progress, economic development must go hand-in-hand with social development. Based on my conversations with African business leaders, I think that\u2019s clear in their minds. Keep it in mind if you\u2019re thinking of starting operations there: the prosperity of your business in Africa is also linked to the promotion of socioeconomic development.<\/p>\n<p>Any thoughts?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Early this year, I wrote a post titled \u201c\u2018Africa Rising\u2019 \u2013 Under question?\u201d The report McKinsey released last month \u201cLions on the move II: Realizing the potential of Africa\u2019s economies\u201d has brought the discussion back to the forefront: Africa is rising \u2013 no question about it. But Africa is not one country, one economy, one [&hellip;]<\/p>\n","protected":false},"author":1654,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[99314],"tags":[100244,89737,121,100245,100241,1163],"class_list":["post-1673","post","type-post","status-publish","format-standard","hentry","category-social-and-institutional-context","tag-african-stability-index","tag-development","tag-economic-growth","tag-lions-on-the-move","tag-mckinsey-report","tag-prosperity","megacategoria-mc-africa"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/blog.iese.edu\/africa\/wp-json\/wp\/v2\/posts\/1673","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.iese.edu\/africa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.iese.edu\/africa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.iese.edu\/africa\/wp-json\/wp\/v2\/users\/1654"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.iese.edu\/africa\/wp-json\/wp\/v2\/comments?post=1673"}],"version-history":[{"count":6,"href":"https:\/\/blog.iese.edu\/africa\/wp-json\/wp\/v2\/posts\/1673\/revisions"}],"predecessor-version":[{"id":1768,"href":"https:\/\/blog.iese.edu\/africa\/wp-json\/wp\/v2\/posts\/1673\/revisions\/1768"}],"wp:attachment":[{"href":"https:\/\/blog.iese.edu\/africa\/wp-json\/wp\/v2\/media?parent=1673"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.iese.edu\/africa\/wp-json\/wp\/v2\/categories?post=1673"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.iese.edu\/africa\/wp-json\/wp\/v2\/tags?post=1673"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}