Africa is rising- where is the evidence? This presentation provides just that; evidence, to support the proposition that indeed, Africa has made progress, albeit more needs to be done several fronts. The text also focus on what the roe of entrepreneurship ought to be given the stark evidence of inequality and poverty that still pertains.

2. Africa is Rising, Where is The Evidence?
Effective Politics and Policy Making in the New Africa
All rights reserved 2015 | Nkunimdini Asante-Antwi | Metis Decisions LLC

3. Africa is Rising
Who are the key drivers and what can the laggards learn? What role for
the African Entrepreneur?

4. A Broader View
Fact Sheet
 54 Countries – 2nd most populous
after Asia (estimated at 1.1 billion)
 Libya was the first to gain
independence in 1951.
 South Sudan was the last; on July
9, 2011 from another African
country.
 Home to world’s leading cocoa
output (2/3 of global production)
 30% of world’s mineral reserves.
 Zimbabwe; 2nd largest platinum
reserves.
 2nd most widely spoken language
is Arabic (100m+)
…The Narrative

5. Africa’s Basket
 In 2012, total GDP of Africa was $1.3trn, equating to
2.5% of world’s $54trn (source: Old Mutual
Investment Group). GNI per capita; South Africa
($6,800), Nigeria ($2,850).
 124 kWh per capita annually.
 Africa’s poorest households are spending around
$10 per kilowatt-hour on lighting—20 times more
than Africa’s richest households. Compare, that to
U.S where national average cost for electricity is
$0.12 per kWh and in the United Kingdom is $0.15
per kWh (Africa Progress Panel).
 Notwithstanding freedom and democracy, popular
participation and social inclusion remain crucial
policy imperatives.
Trade &
Investment
Infrastructure
Democracy &
Governance
B.R.I.C.S or B.R.I.N.C.S?
40%
Business Constraint
- Infrastructure

6. Governance
Structures AMU/UMA
CEN-SAD
COMESA
EAC
CEEAC-ECCAS
CEDEAO-
ECOWAS
IGAD
1. Africa Union – 8 Economic Regional
Communities (REC)
2. African Development Bank (AfDB)
3. Civil Society Organizations such as;
IMANI Ghana (Ghana), African
Economic Research Consortium
(Kenya), Al-Ahram Center for Political
and Strategic Studies (ACPSS) –Egypt,
Centre for the Study of the Economies
of Africa (CSEA) (Nigeria) etc.
SADC
Lagos Plan of Action
1980-2000

7. The Business Environment
4.5% Real GDP
Growth Forecast
2015 (AfDB)
6.1 billion (70%
of global
population) to
access SMART
phones by
2020.

8. “
”
Behind every corrupt politician
are 10-20 corrupt businessmen.
- Mo Ibrahim
Assessing Policy and Political Risks
 Policy Discontinuation
 Supply chain exposure; an emerging political risk for
African entrepreneurs.
 Political victimization.
 Over-emphasis of FDIs at the expense of building local
entrepreneurial capacity.
Annual
cost of
corruption
- A.U Study, 2002

9. “
”
Knowledge is power. Information is
liberating. Education is the premise of
progress, in every society, in every family.
-Kofi Annan
The Social Sector – Emerging Risks
 Libya and Botswana leads Africa in Human Development
Index (HDI) performance.
 Rwanda, Burundi and South Africa ranks #7, #17 and #18
respectively on the Global Gender Gap Index Report, 2014,
ahead of U.S.A and U.K
 Language and culture continue to be a barrier to regional
integration.
 The teaching of critical thinking and problem-solving at all
levels of the education ladder, particularly, tertiary, remains
a key challenge to business growth and wealth-creation.

10. Socio-cultural Risk Indicators (SRIs)
World University Rankings
 No African University in first 200,
not even South Africa.
 Fudan University, China (193) and
Lomonosov Moscow State
University, Russia (196) all
members of BRICS, are featured in
same. (Source: Times Higher
Education World University
Ranking.)
Human Development Index 2014
Countries Index Ranking
Norway 0.944 1
Australia 0.933 2
Libya 0.784 55
Botswana 0.683 109
Egypt 0.682 110
U.K 0.7383 26
Last 18 countries
all in Africa

11. OWNERSHIP
STRUCTURES
“
I’ve always said we must
overcome our thinking of being
the sole owner of our businesses,
and that is one of the drawbacks
of Ghanaian businesses.”
-John Dramani Mahama
(President, Ghana)
Less than 15% are
Limited Liability
Over 60% - Sole
Proprietorships
Others
40% of GNP in low-
income economies
produced by informal
sector (World Bank).

12. Economy
Overview
 Strategy & Structure
 Average growth over last 10
years
 Financial Intermediation
 Infrastructure
 Global trade balance
 Frontier market debt finance
Data Source: AfDB Statistics Dept.
Euro Area 1.5%,
2015. IMF
Japan 1.0%, 2015

13. Economy (Cont’d)
Fiscal Performance
-0.09
-4.4
-4
-5
-6
-5
-4
-3
-2
-1
0
2008 2009 2010 2011
Monetary Development
 Ghana: Deposit/GDP increased
from 20.7% in 2010 to 21.4% in
2011. Debit card usage (% age
15+) is 11.4%. DMB asset/GDP
moved from 23.9% in 2010 to
23.1% in 2011.
 South Africa: Deposit/GDP was
59.1% in 2011 from 59.2% prior
year. Debit card usage (% age
15+) was 45.3% in 2011. DMB
Asset/GDP inched downwards to
78.8% in 2011 from 82.5% in 2010.
Cash Surplus/GDP (%)
Data Source: Africa Devt. Indicators
(ADI), IMF
Data source: Global Financial
Development Database (GFDD), IMF)

14. Equity & Debt Markets
 South Africa: Mutual funds assets to GDP/ratio was 30.6% in 2011, down
from 38.9% in 2010. Stock market capitalization to GDP ratio trended
southwards from 200.9% in 2010 to 145.2% in 2011.
 India: Mutual fund asset/GDP ratio (2010: 6.6%, 2011: 4.6%). Stock market
capitalization/GDP ratio was down in 2011 (68.7%) from 82.8% in 2010.
 Brazil: Mutual fund asset/GDP ratio (2010: 44.1%, 2011: 46.5%). Stock market
capitalization/GDP ratio was down in 2011 (58.3%) from 67.1% in 2010.
 Ghana:
2010: 9.5%
2011: 8.4% Data source: Global Financial Development
Database (GFDD), IMF.

15. Technological
Changes
 Mobile subscriptions in Q1 2015 was
910million (Africa), according to Ericsson
Mobility Report 2015. This includes 21
million new subscriptions. Africa, Asia and
Middle East are expected to drive global
growth going forward.
Growth has been driven
broadly by sector
liberalization that has
allowed competitiveness
and investments in
infrastructure by private
actors.
2012: 14.6% | 2013: 16.9% | 2014: 19.2%
Internet Users per 100 People
Source: Internetworldstats.com
High-speed
broadband | Fibre
& Wi-Fi Networks
$500m
E-commerce or M-commerce?

16. What Are the Lessons?
Leaders and Laggards

17. Governance & Democracy
Leader: Ghana or Botswana?
 Increasing use of law courts to
settle political disputes and
protect human rights.
 Strong and vibrant media with
assertive civil society sector led by
IMANI Ghana.
 Botswana adjudged #1 Global
Rule of Law Index according to
World Justice Project (WJP).
C.A.R – Laggard?
“…the security situation [in CAR]
remains volatile and clashes between
anti-Balaka [militias] and ex-Séléka
elements continue, while criminal
activities aimed at, among other things,
controlling the country’s natural
resources are increasing.”
-Ban Ki Moon (UN Sec Gen.)

18. Human Development
Libya – Leader?
 Ranks number 1 in Africa and # 55
globally on the 2014 Human
Development Index.
 Included in the High Human
Development category with
countries such as Russia, China
and Brazil.
Niger – Laggard?
 Ranks last (187th) globally.
 Included in Low Human
Development category with
countries such as Eritrea, Chad
and Malawi.
Source: Human Development Index, 2014.

19. Economic Growth
Nigeria – Leader?
 USD 568.5 billion GDP by year-end
2014, according to World Bank
data, making Nigeria the 22nd
biggest economy after Sweden.
 The country’s GDP outstripped
South Africa in 2014 to be the
biggest in Africa, growing at 6.3%
in 2014.
 This notwithstanding
unemployment is still high,
estimated at 25.1% in 2014.
Zimbabwe – Laggard?
 Average real GDP growth over
decade covering 2003-2013 was
-1.6%.
 Experienced strongest
performance in 2010 (9.6%),
slowing down to 6.0% in 2013.
 High inflation
Source: Global GDP Ranking, 2014. World Bank.

20. Technology
South Africa – Leader?
 Internet penetration was 49% in
2014, compared to 38% for
Nigeria.
 Estimated 133% mobile phone
and 47% Smart phone penetration
compared to 72% and 29%
respectively for Nigeria on same
metrics.
 13% of age 15yrs+ used electronic
platforms for payment in 2011
compared to SSA average of 2.1%
same year. (GFFD)
Sierra Leone – Laggard?
 7.2% mobile penetration as at
2012 (least in Africa).
 Only 1.7% of the country’s 5.7
million people use the Internet.
Source: Internetworldstats.com

21. Financial Intermediation
South Africa – Leader?
 Highest DMB’s deposits/GDP ratio
(59.1%) in 2011.
 DMB’s asset/GDP ratio very high
(82.5%, 2010), enabling big-ticket
deal financing from domestic
sources.
Uganda – Laggard?
 DMB’s asset/GDP ratio quite
modest (19.1%, 2011)
 Deposit/GDP ratio in 2010 was
16.7% while 2011 registered 17.8%
Source: Global Financial Development
Database (GFFD), World Bank

22. Ease of Doing Business
Mauritius – Leader?
 Aggressive reforms implemented to
improve the ease of doing business.
Score: 28 out of 189 economies
surveyed by IFC.
 5 procedures to start business in 6
days with cost 2.1% of per capita
income.
 4 documents to export goods in
approx. 10 days. Cost per container;
$675
 5 documents with 9 days import
turnaround time, costing $710 per
container.
Eritrea – Laggard?
 Ranks as the most difficult place
to do business (189th) across 189
economies survey by IFC in 2014.
 It takes 13 procedures in 84 days
with 41.5% of per capita income
as cost to start a business.
 It takes about 490 days and
approx. 22.6% of claims sought to
enforce contracts.
 It takes an average of 54 days for
import/export.
Source: Doing Business Report 2015, IFC.

23. Globalizers and Localizers
The Stark Evidence

24. Meet Eric Kinoti
 Company: Shades Systems (EA) Limited
 Founded: 2007
 Sector: Light Manufacturing (Tents)
 Role: Founder
 Asset Size: Not Available
 Annual Revenue: USD 1million
 No. of Employees: 18
29yrs
Kenyan
“It was never easy, and it will never be easy to start up. I faced a lot of
difficulties, so many hurdles and obstacles…but I was determined to make my
dream a reality.”

25. Meet Bright Simons
 Company: mPedigree Network
 Founded: 2007 (Re-launched
2009)
 Sector: Technology
 Role: Founder and CEO
 Asset Size: Not Available
 Annual Revenue: Not Available
 No. of Employees: Not Available
 Some Key Clients: AstraZeneca,
Sanofi, Tropical Cables
Conductor Ltd.
Ghana
“…that experience opened my eyes to a whole new world of fighting the
system—of being an activist. And this led directly to my becoming a
technology innovator.”

26. Meet Patrick Ngowi
 Company: Helvetic Group
 Founded: 2007
 Sector: Renewable Energy (Solar)
 Role: Founder and CEO
 Asset Size: USD 15million
 Annual Revenue: USD 5m (2013)
 No. of Employees: Not Available
 Key Markets: Tanzania, Uganda,
Burundi.
29yrs
Tanzania
“You should start small, with lean operations, and scale up
as you go along. I started my solar company being the
only employee, going on roof tops to install one solar
panel at a time.”

27. Meet Tunde Kehinde
 Company: Jumia Nigeria
 Founded: 2012
 Sector: Online Retail
 Role: Co-founder (Resigned 2014)
 Asset Size: Not Available
 Annual Revenue: Not Available
 No. of Employees: 1000+
 Key Markets: Nigeria, Ghana,
Egypt
31yrsNigeria

28. Meet Khaled Shady
 Company: Mubser
 Founded: 2013
 Sector: Technology
 Role: Founder
 Asset Size: Not Available
 Annual Revenue: Not Available
 No. of Employees: Not Available
23yrsEgyptian
“Mubser was our team’s graduation project and we decided to take it
to the next level to make it a startup to support the millions of blind
and visually impaired people.”

29. Meet Winifred Selby
 Company: Ghana Bamboo Bikes
Initiative / Afrocentric Bamboo Ltd
 Founded: 2010
 Sector: Light Manufacturing
 Role: Co-founder
 Asset Size: Not Available
 Annual Revenue: Not Available
 No. of Employees: Not
 Key Markets: EU, U.S.A
20yrsGhana
“Because we discovered that, there were many bamboo plants in Ghana
people took for granted. So we wanted to add value to that to address
the transport needs of people.”

30. Now, Meet Joshua…
$3/day
30yrsPoor…
Abasua Mountain
 Farming
 Tourist Support
Services
 Micro-trading

31. Meet David Too…
Dropout
5yrs
Child
Laborer
21.8%
Child Labour (5-17yrs)
Source: GH Living Standards Survey 6

32. Finally, Meet Ama Akyea
School Attendance Status (5-17yrs)
Never Currently Used To
Female 6.1 88.3 5.6
Rural 9.2 85.4
5.3
Urban 2.2 92.7 5.1
Alone
11yrs
Broken
Spirit
Data Source: GLSS6
33% of 26million – 5-17yrs

33. The Role of African Entrepreneur
Restoring Human Dignity
South Africa
Ave. unemployment
last 15yrs
25.27%

34. Where Do We Start?
 Empathy
 Collaborations and Business
Combinations
 Formalization
 Mentoring and Coaching
 Long-term Investments
 Scaling Globally
 Collaborate with Higher
Education
 Responsive Regulation
 Bridging Infrastructure Gap
 Fiscal and Monetary Discipline
 Institutional Strengthening
 Tax Regime Rationalization
Wave of the Future
Mobile/Data
“…value chain gaps
persist in traditional
sectors; agric and
industry.”
Personal
Corporate
Public Policy

35. The End
Out of Darkness comes a great
light
Out of despair rises new hope
Out of the concrete, the flower
grows
Out of stillness a wild wind
blows
Wisdom for the wise
Poetry for the young
Arise and take your place
under the sun, Africa.
Presented by
Nkunimdini Asante-Antwi
Founder, Metis Decisions LLC
+233 505 767 865
+233 202 952 658
nkunimdini.antwi@metisdecisions.com