Sub-Saharan Africa: The long road up Mount ProgressSub-Saharan Africa is struggling with lower commodity prices, China’s slower growth, and less favorable financing conditions. Coming from a very low base, Sub-Saharan Africa is helped on the long road to prosperity by still fast economic growth and improved – even if fragile - political stability. The region holds significant potential, but realizing this potential requires better institutions.

Food & agri value chain development needed• Enabling environment depends on institutional quality

Sub-Saharan Africa still growing fast• Expected GDP growth 2015-2020: - Sub-Saharan Africa: 4% - World: 3%

Development level still low• GDP per capita is far below world average• 47% of the population lives on less than USD 1.25 per day• Inequality is still high

High population growth• Puts strain on resources

Weak institutions• Low institutional quality• High corruption• Stability: improved, but vulnerable

Accountability

Stability

Corruption

0%

0

10

20

30

40

2%

4%

6%

Law Regulations

Global average

GDP growth(’03-’11)

Jan ‘11

Jan ‘12

Jan ‘13

Jan ‘14

Jan ‘15

Sub-SaharanAfrica

Non-OECD OECD

GDP growth(’12-’14)

Doing Business

Government

Regional score Sub-Saharan Africa

Advanced EconomiesSub-Saharan Africa

GDP per capita (USD, 2014)

x 1.000

0

40

80

120

Reuters Commodity Price Index

S&P Commodity Price Index

Challenging externalenvironment• Commodity prices• Financing conditions• China demand