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

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

EBOLA DEEPLY | eboladeeply.org

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

Jon [email protected]

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