{"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":"

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<\/a>\u201d has brought the discussion back to the forefront: 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

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

\"A
A view of Nairobi<\/figcaption><\/figure>\n

I thought it might be interesting to get some more information about the stable growers, so I did some search:<\/p>\n

\"growth\"<\/a><\/p>\n

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

Any thoughts?<\/p>\n","protected":false},"excerpt":{"rendered":"

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 […]<\/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":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t