How Africa’s Biggest Economy Became A Launchpad For MBA Careers
Wednesday, July 3, 2019
By Simon Lovick
In May 2019, the African Union, an assembly of 55 member states, made major steps in launching the AfCFTA, the continent’s biggest ever free-trade agreement aimed at tackling Africa’s entrenched economic problems.
The missing piece? Nigeria, Africa’s powerhouse economy, holding out for fear of the negative impact on its booming manufacturing and services industries.
Large oil reserves causing rapid growth meant that Nigeria overtook South Africa as the continent’s biggest economy in 2014. A vast youth population—the world’s third largest after India and China—will likely propel further growth.
For MBA students, Africa and Nigeria hold an attractive value proposition.
Photo courtesy of Dominic Chavez.