Lions Go Digital ~ McK on 'Net Impact in Africa

Very interesting to see new McKinsey report Lions go digital: The Internet’s transformative potential in Africa...

"Increased Internet penetration and use could propel private consumption 13 times higher than current levels. Demographic trends -- including urbanization, rising incomes, and a huge generation of young, tech-savvy Africans -- will drive this growth. [...] The Internet’s greatest impact in Africa is likely to be concentrated in six sectors: financial services, education, health, retail, agriculture, and government. Technology-related productivity gains in these sectors could reach $148 billion to $318 billion by 2025, and large populations stand to benefit as a result."

Thanks to Dinfin Mulupi at HWMIIA for spotting this.

Urban World ~ McKinsey on Emerging Cities...

The McKinsey Global Institute just released their new report Urban world: Cities and the rise of the consuming class by co-authors Richard Dobbs, Jaana Remes, James Manyika, Charles Roxburgh, Sven Smit and Fabian Schaer...

"Through a combination of consumption and investment in physical capital, growing cities could inject up to $30 trillion a year into the world economy by 2025. Understanding

cities and their shifting demographics is critical to reaching urban consumers and to preparing for the challenges that will arise [...] The 600 cities making the largest contribution to a higher global GDP -- the City 600 -- will generate nearly 65 percent of world economic growth by 2025. However, the most dramatic story within the City 600 involves just over 440 cities in emerging economies; by 2025, the Emerging 440 will account for close to half of overall growth. One billion people will enter the global consuming class by 2025. [...] To capture the opportunities that arise from urbanization, businesses will need extensive market intelligence. [...] Companies that understand and respond to shifting urban marketplaces are likely to experience tremendous benefits. Yet a new McKinsey survey finds that less than 20 percent of executives are making location decisions at the city level."

Read the full report!

Cityscope ~ McKinsey on Top 600 Global Cities...

The McKinsey Quarterly writes about Global cities of the future: An interactive map...

"Over the next 15 years, 600 cities will account for more than 60 percent of global GDP growth. Which of them will contribute the largest number of children or elderly to the world’s population? Which will see the fastest expansion of new entrants to the consuming middle classes? How will regional patterns of growth differ? Explore these questions by browsing through the interactive global map which contains city-specific highlights from the McKinsey Global Institute’s database of more than 2,000 metropolitan areas around the world."

This is part of larger McKinsey Global Institute report, Urban world: Mapping the economic power of cities.

Driving Africa’s Growth ~ McK on Great Prospects

The MIT Sloan Africa 2.0 Conference organizers spotlight McKinsey's What’s driving Africa’s growth article by Acha Leke, Susan Lund, Charles Roxburgh, and Arend van Wamelen...

"If recent trends continue, Africa will play an increasingly important role in the global economy. By 2040, it will be home to one in five of the planet’s young people, and the size of its labor force will top China’s. Africa has almost 60 percent of the world’s uncultivated arable land and a large share of the natural resources. Its consumer-facing sectors are growing two to three times faster than those in the OECD7 countries. And the rate of return on foreign investment is higher in Africa than in any other developing region. Global executives and investors cannot afford to ignore this. A strategy for Africa must be part of their long-term planning. The time for businesses to act on those plans is now. Companies already operating in Africa should consider expanding. For others still on the sidelines, early entry into emerging economies provides opportunities to create markets, establish brands, shape industry structures, influence customer preferences, and establish longterm relationships. Business can help build the Africa of the future. And working together, business, governments, and civil society can confront the continent’s many challenges and lift the living standards of its people."

See also sister piece McKinsey's Lions on the Move: The Progress and Potential of African Economies.

Lions on the Move ~ McK on African Economies...

Excellent to see McKinsey's Lions on the Move: The Progress and Potential of African Economies. Check out these highlight infographics..