Posts Tagged ‘african economy ’

Africa — Looking Back, Looking Ahead

Monday, September 10th, 2012

Bend of the Nile, Khartoum

This month (September, 2012) marks the 25th anniversary of my first trip to Africa. Wandering the souqs and dusty streets of Khartoum, I discovered that Africa was too complex and beguiling to fit the labels often used to describe it.

Struck by its diversity and fierce beauty, I’ve been in Africa’s thrall ever since. Writer Richard Dowden warns, “Africa can be addictive.” The French have a term for people who become mad about the place: fous’ d’Afrique. At times, I’ve wondered if that term applies to me.

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In Praise of Impalas

Friday, September 3rd, 2010

The swift and agile

A recent Ewing Marion Kauffman Foundation study revived the term “gazelle companies” to describe the young, rapidly-growing U.S.firms that are producing the majority of new jobs in the U.S.  The report recommends that policy-makers nurture Gazelles to stimulate job growth at a time when unemployment is high.

I’m interested in another class of companies—agile, well-run firms in emerging regions like the sub-Sahara. Like their Western counterparts, they’re creating a disproportionate number of jobs. But these young African companies are playing a more crucial role than gazelles do in driving market growth.

To belabor the metaphor, I call them Impalas, after the lean, swift gazelles indigenous to Africa. Impalas provide technology-enabled and outsourcing services to a growing number of multinational (MNC) service providers – mobiles, airlines and banks – in Johannesburg, Accra, and Nairobi, etc.  They share many of the characteristics of gazelles, but there are some notable differences.

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