- November 14, 2016
- Posted by: ABO Capital
- Category: Publications by Zandre Campos
No Comments
Contrary to conventional wisdom, Africa has a corporate sector. A new report by McKinsey counts 400 companies on the continent with annual revenue of more than $1 billion, and notes they are growing faster, and are more profitable, than their global peers. Half of these companies are African-owned, 40% are publicly-traded, and between 10% and 20% are family-owned.
As the CEO of a firm based in Africa, I can speak from experience that African chief executives face a variety of challenges. But in my view, a set of challenges also presents a host of opportunities. Here are three challenges most African executives will face along with some thoughts on solutions.