- Regional trade and cooperation will increase within the continent. For example: 21 of the 54 African countries now allow visa-free or visa-on-arrival access to all African nationalities.
- The value of manufacturing across the continent will double to USD 1 trillion by 2025, creating around 14 million jobs and increasing exports and trade balance.
- The pharmaceutical industry will grow, McKinsey estimates the sector could be worth USD 65 billion by 2020 which is triple of its 2013 value.
- Off-grid energy continues to be a big challenge on the continent but at the same time the most encouraging technology for start-ups and an opportunity for investors.
- Middle size powers promise to experience accelerated growth, more than the large-sized economies.
Source: CNN based on Mckinsey Report Africa Business Revolution. Read More
