These 6 sectors of Africa's economy are poised for growth: McKinsey

In 2011, we published an article in HBR examining the surprisingly rapid growth of African economies and consumer markets. It helped spark new levels of interest in Africa by the international business community, and companies in a range of industries—from consumer goods to financial services to technology—have since expanded their African footprints.

Today, however, many investors and business leaders are asking whether Africa’s growth has run out of steam. Lower resource prices and higher levels of sociopolitical instability have taken their toll: Africa’s real GDP grew at an average of 3.3% a year between 2010 and 2015, considerably slower than the 5.4% from 2000 to 2010.

Read more: These 6 Sectors of Africa’s Economy Are Poised for Growth

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