Africa's Third Act: Why the Continent Matters Now More than Ever #BTW2015

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

Jon [email protected]

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

HiveCoLab hivecolab.com

The Appfrica Fund fund.appfrica.com

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

Jon [email protected]

AFRICA’S THIRD ACTWHY THE CONTINENT MATTERS NOW MORE THAN EVER

Jon Gosier