Will Africa leapfrog?: accelerated development is set to lift the continent’s economies with big implications for financial markets and sustainable development goals

With a fast-growing population, massive ongoing urbanisation and constant innovations across the continent, Africa looks poised to leapfrog other emerging markets over the next few decades in terms of economic development. This hopefully will lead to constructive flows from the private sector that support overall financial dynamics and help governments to fulfil their obligations, encourage corporations to act responsibly and in a spirit of the Sustainable Development Goals, and inspire all economic players to promote “inclusive development for all” (UN, 2015). The impact of Covid-19 will be considerable, though, with potentially material consequences for health and economic growth. In the long run, the pandemic could strengthen the role of the state in Africa. Professor Ton Dietz was invited to write this paper for NN Investment Partners.