Summary of How Africa Can Keep Rising

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How Africa Can Keep Rising summary
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8

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  • Innovative

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A Ugandan proverb warns that “a roaring lion kills no game.” African nations have achieved much, but they mustn’t rest on their laurels. As Ngozi Okonjo-Iweala, a former finance minister of Nigeria, explains, if Africa can learn from its missteps and leverage its feats, it can look forward to a self-reliant, prosperous future. Although Okonjo-Iweala’s brief report tends to overgeneralize Africa’s 54 nations, getAbstract recommends her unique insider’s perspective to investors seeking lucrative opportunities on the burgeoning continent.

About the Speaker

Economist Ngozi Okonjo-Iweala is a senior adviser at Lazard, an asset management firm.

 

Summary

Africa’s portrayal in the media is of a continent marked by poverty, corruption and disease. Yet Africa is rising, and its citizens are creating innovative solutions to the continent’s problems, such as a drone delivery service that transports medicine to remote areas of Rwanda and an insurance program that pays out to flood- and drought-afflicted member states. Alas, due to an uncertain global economy, Africa’s projected growth for 2016 is just 3%, despite average growth of 5% since the early 2000s. Examining its feats and failures is critical to learn how Africa can continue to rise.


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