Worth a Glance: What’s Driving Africa’s Growth


The rate of return on foreign investment is higher in Africa than in any other developing region. Global executives and investors must pay heed.

JUNE 2010 • Acha Leke, Susan Lund, Charles Roxburgh, and Arend van Wamelen

Source: McKinsey Global Institute

What's driving Africa's growth article, economic growth in Africa, foreign investment, telecommunications, banking, microeconomic policy, productivity, Economic Studies

In This Article

  • Exhibit 1: Africa’s growth was widespread across sectors from 2002 to 2007.
  • Exhibit 2: Africa is nearly as urbanized as China is and has as many cities of one million people as Europe does.
  • Exhibit 3: Segmenting African countries by exports per capita and by economic diversification reveals how growth opportunities and challenges vary across the continent.

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