__Take a look and a read, and tell me what you think.
A few months ago I agreed to participate as part of an interview series on prominent Africans by the McKinsey Global Institute (the world’s foremost private think tank) to share some ideas about African entrepreneurship. Here’s a link to my interview and much more: https://mck.co/2V9EHgl
I hope you enjoy it. You can also watch other interviews with thought leaders on Africa which I think you will find very interesting. Please don’t publish it for copyright reasons at McKinsey but you can like it on our platform or share with a friend.
For those of you who enjoy a serious read as I do, McKinsey & Co’s Africa team, which includes some of the smartest people I know, has just released an amazing book: “Africa’s Business Revolution: How to succeed in the world’s next big growth market”, by Acha Leke, Mutsa Chironga and Georges Desvaux.
This book contains the kind of information on Africa that investors will expect you to know, when you go for the BIG $’s!
Now here’s a little homework. Check out below a few of the facts and figures from that book. As an entrepreneur, what do you see?
# Africa’s population today is about 1,2bn, expected to double by 2050;
# 122 million people across Africa are active users of mobile financial services; (this is more than half the users globally!)
# $5.6tn (yes, trillion) is the projected consumer and business spending on the continent by 2025;
# Africa’s 700 largest companies earned a combined $1,4tn in revenues;
# Africa has over 400 companies with revenues of $1b or more (soon to include some of you, if not already).
“Why Africa? Why now?” is the first section… The next (which is most of the book) is “How to win in Africa, a strategic guide”. The book concludes discussing something we talk a lot about here, “Doing well by doing good”…
Need I say more? Get the book. You can see even my friend Aliko got himself a copy!