Africa's Third Act: Why the Continent Matters Now More than Ever
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AFRICA’S THIRD ACT WHY THE CONTINENT MATTERS NOW MORE THAN EVER Jon Gosier
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Transcript of Africa's Third Act: Why the Continent Matters Now More than Ever
AFRICA’S THIRD ACTWHY THE CONTINENT MATTERS NOW MORE THAN EVER
Jon Gosier
ROLLINS COLLEGE
“Africa’s Third Act: Why the Continent Matters Now More Than Ever”
01/27/15
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
1. Information Intervention (News + Data + Outreach)
2. Use Data and Mobile to improve Africa’s understanding of Ebola.
Predicting Macroeconomic Trends Through Real-Time Mobile Data Collection
Does real-time consumer spending data predict
macro-economic trends?
Mombasa, Kenya
* Surveys via Mobile Phone and SMS
* Accounted for pricing bias
* Collected sales data from vendors instead of consumers
* Tested correlations against macro-economic indicators like Gross Domestic Product, Purchasing Power Parity, Inflation, Foreign Direct Investment, Debt and others.
Methodology
ROLLINS COLLEGE
“Africa’s Third Act: Why the Continent Matters Now More Than Ever”
01/27/15
CREDITS
“Predicting Macroeconomic Trends Through Real-Time Mobile Data Collection”, Jon D. Gosier
“Health Intelligence: Predicting the Number of Cases from the Ebola Virus Disease Outbreak in Countries with Widespread and Intense Transmission”, Martinez Piedra
“Private Equity Roundup — Africa”, Ernst and Young
EbolaDeeply.org
AFRICA’S THIRD ACTWHY THE CONTINENT MATTERS NOW MORE THAN EVER
Jon Gosier
