McKinsey Global Institute

Africa’s Future As Industrial Powerhouse Depends On Electricity Supply

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The International Monetary Fund has predicted that the African continent is expected to become the world second-fastest growing economy by 2020. With vast natural resources and short shipping lanes to the Americas, Europe and Asia, Africa has the clear potential to become an industrial powerhouse. This growth, however, is contingent upon substantial infrastructure investments. This … Read more

In India, A New Banking System To Reach the Masses

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At a furniture store outside India’s capital, a salesman scans the manager’s ID and takes her fingerprint on a biometric device attached to his cellphone. Within minutes, Meenakshi Sharma becomes eligible for an account with Paytm, joining the hundreds of thousands who have signed up to a payments banking system that is revolutionising India’s retail … Read more