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AFRICA’S THIRD ACT
WHY 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 Gosier
jon@gosier.org
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 ASIA
No. 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 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
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
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 Gosier
jon@gosier.org
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 ACT
WHY THE CONTINENT MATTERS NOW MORE THAN EVER
Jon Gosier

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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.
  • 6.
  • 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?
  • 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