africa's third act: why the continent matters now more than ever #btw2015
TRANSCRIPT
AFRICA’S THIRD ACTWHY THE CONTINENT MATTERS NOW MORE THAN EVER
Jon Gosier
MIAMI DADE COLLEGE
“Africa’s Third Act: Why the Continent Matters Now More Than Ever”
02/26/15
Colonialism 1800-1900’s
Extraction 1900-2000’s
Capitalism/Growth Geopolitcal Positioning
GROWTH, MORE THAN RHETORIC
McKenzie expects 25% rise in number listed African companies in 2015. They rose 30% in 2014.
Africa is experiencing the longest period of sustained and robust economic growth since the 1960s.
The continent’s economic output has risen almost fourfold since 2000 to over $2 Trillion in 2014.
AFRICA ACCELERATES PAST ASIANo. of Countries Growing at 7% avg. Africa’s economic output (in billions)
Diversification and Industries Driving Growth
GROWING CONSUMER MARKETS
327 million Africans have moved into the middle c lass* (34% of the cont inent ’s population). Of that group, 128 million belong to a more stable middle class while 44 million are in the upper class.
Africa’s middle class has grown 183% since 1980.
* In this context, middle class is defined as being individuals who have an average daily per capita expenditure of between $2 and $20 per day or an annual income exceeding $3,900. The middle class is projected to grow to 1.1 billion (42% of the population) by 2060.
34%
66%
African Middle Class
0
200
400
1980 1990 2000 2010
DIASPORA, AFRICA’S GLOBAL LEVERAGE
Annually, the global social sector spends over $200 billion dollars. Total foreign direct investment in Africa was $46 billion in 2011.
$62 billion dollars in remittances to Africa annually.
140 million Africans living outside of Africa (commonly referred to as the African
diaspora). 44 million Black-Americans in the US (Africans more than two generations
removed) with spending power of nearly $1 trillion dollars. 24 million Afro-Caribbean $47.4 billion (Combined GDP of Haiti, Jamaica, Barbados, Suriname, and Trinidad and
Tobago combined)
20062
46
Global Social Sector (AID)
Foreign Direct Investment (FDI)
Remittances
Assane SeckEcofund.org
Emanuel AttahFarmerline.org
Barbara BirungiNakazade
Ahmed MaawySiftDeck
Titus MawanoFfene.com
Su KahumbuiCow.co.ke
Eliot PenceUpstream Analytics
Francis OnwumereProWork.me
Eric MuttaMiniShop
William SenyoSliceBiz
MIAMI DADE COLLEGE
“Africa’s Third Act: Why the Continent Matters Now More Than Ever”
02/26/15
AFRICA’S THIRD ACTWHY THE CONTINENT MATTERS NOW MORE THAN EVER
Jon Gosier