Africa's Third Act: Why the Continent Matters Now More than Ever
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Africa is experiencing the longest period of sustained and robust economic growth since the 1960s.
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Africa's Third Act: Why the Continent Matters Now More than Ever
- 1. AFRICA’S THIRD ACT WHY THE CONTINENT MATTERS NOW MORE THAN EVER Jon Gosier
- 2. ROLLINS COLLEGE “Africa’s Third Act: Why the Continent Matters Now More Than Ever” 01/27/15 Jon Gosier jon@gosier.org
- 5. 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.
- 7. AFRICA ACCELERATES PAST ASIA No. of Countries Growing at 7% avg. Africa’s economic output (in billions) Diversification and Industries Driving Growth
- 8. GROWING CONSUMER MARKETS 327 million Africans have moved into the middle class* (34% of the continent’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
- 9. 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) 200 62 46 Global Social Sector (AID) Foreign Direct Investment (FDI) Remittances
- 10. EBOLA DEEPLY | eboladeeply.org
- 11. 1. Information Intervention (News + Data + Outreach)
- 12. 2. Use Data and Mobile to improve Africa’s understanding of Ebola.
- 13. Predicting Macroeconomic Trends Through Real-Time Mobile Data Collection
- 14. Does real-time consumer spending data predict macro-economic trends?
- 15. Mombasa, Kenya
- 16. * 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
- 17. ROLLINS COLLEGE “Africa’s Third Act: Why the Continent Matters Now More Than Ever” 01/27/15 Jon Gosier jon@gosier.org
- 18. 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
- 19. AFRICA’S THIRD ACT WHY THE CONTINENT MATTERS NOW MORE THAN EVER Jon Gosier