Interesting to see with nine days to go McKinsey puts out a writing package on Africa including an interview with SA deputy president. Africa’s growth story in McKinsey Quarterly covers a raft of articles:
•South Africa in the spotlight: An interview with Deputy President Kgalema Motlanthe
•A seismic shift in South Africa’s consumer landscape
•Picking products for Africa’s growing consumer markets

McKinsey's articles describe that Africa’s economies experienced a marked acceleration in growth during the past ten years "after decades of stagnation". Maybe we had more McKinsey types watching AfricaSIF roll out or at the EMPEA/IFC conference which covered Africa with new approaches?  The articles describe annual flow of foreign direct investment (FDI) into Africa in 2008 increased to $62 billion, from $9 billion in 2000 [almost as large as the flow into China per GDP]. This increased FDI accounted for the bulk of new African capital inflows, which grew rapidly from 2000 to 2008.

McKinsey describes "The magnitude of the continent’s development story is startling in its specifics and the opportunity it presents. This new package explores what factors underpinned Africa’s growth and the continent’s prospects. The rate of return on foreign investment is higher in Africa than in any other developing region. Global executives and investors must pay heed. The continent’s growth story isn’t entirely about the extractive industries. The region has already made great strides below the radar. It now stands to become the developing world’s next great success story".

The timing is a little obvious and maybe gets some more McKinsey types into the executive boxes for the opening game and the final at Soccer City. Let's see how the forthcoming research looks, "Forthcoming research from the McKinsey Global Institute (MGI) shows that resources accounted for only about a third of the newfound growth." The data looks at the pre-global meltdown data, so the current interpretation will be most useful. Still it is good to have some new material to review on Africa.