Related Expertise: Public Sector
Africa is often viewed as a region of extremes, with both tremendous resources and enduring difficulties. In recent years, demand for those resources has stoked strong economic growth. But that growth has played out amid well-documented—and daunting—challenges: conflict, poverty, and the twin scourges of HIV and AIDS, to name just a few. A deeper look at what is occurring in Africa today reveals a more complex—and hopeful—picture.
The Boston Consulting Group, in partnership with the Tony Blair Africa Governance Initiative (AGI), has used BCG’s Sustainable Economic Development Assessment (SEDA) methodology to study Sub-Saharan Africa. Instead of focusing on GDP per capita—the traditional indicator of a country’s general welfare—SEDA assesses overall well-being, a comprehensive measure of a population’s living standards that includes governance, health, and economic stability. This in-depth evaluation broadens the traditional view of Africa, which has often centered on poverty and on tapping the continent’s vast natural resources, and reveals where real progress is being made.
The SEDA evaluation makes clear that there is great reason for optimism about Africa. While Sub-Saharan African nations still have current levels of well-being far below those of wealthier countries, they are nevertheless among the nations making the biggest gains globally. In fact, an examination of countries around the world with the greatest recent progress in well-being shows that
ABOUT BOSTON CONSULTING GROUP
Boston Consulting Group partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities. BCG was the pioneer in business strategy when it was founded in 1963. Today, we work closely with clients to embrace a transformational approach aimed at benefiting all stakeholders—empowering organizations to grow, build sustainable competitive advantage, and drive positive societal impact.
Our diverse, global teams bring deep industry and functional expertise and a range of perspectives that question the status quo and spark change. BCG delivers solutions through leading-edge management consulting, technology and design, and corporate and digital ventures. We work in a uniquely collaborative model across the firm and throughout all levels of the client organization, fueled by the goal of helping our clients thrive and enabling them to make the world a better place.
© Boston Consulting Group 2024. All rights reserved.
For information or permission to reprint, please contact BCG at firstname.lastname@example.org. To find the latest BCG content and register to receive e-alerts on this topic or others, please visit bcg.com. Follow Boston Consulting Group on Facebook and X (formerly Twitter).