Africa's economies experienced a marked acceleration in growth during the past ten years. This first package, part of a four-week series on the future of Africa, explores what factors underpinned Africa's development and the continent's prospects.
They conclude that if recent trends continue, Africa will play an increasingly important role in the global economy and the rate of return on foreign investment is higher in Africa than any other developing region. Global executives and investors can not afford to ignore this, Africa must be part of their long term planning. The time for businesses to act on these plans is now. Companies already in Africa should consider expanding.
Working together, businesses, the government and society can confront the continent´s challenge and lift the living standards of its people.
To read the report: http://www.mckinseyquarterly.com/Whats_driving_Africas_growth_2601
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