44 Questions
Which factor makes African companies like Zambeef unique in their operations?
They produce their own animal feed and handle the entire value chain.
Why did Nestlé announce scaling back its African business?
Because of a smaller middle class and limited urbanization.
How does the purchasing power parity (PPP) affect the view of consumer numbers in Africa?
It makes the opportunity look more favorable.
Where are most of the affluent consumers in Africa concentrated?
North African countries and South Africa
What is one of the extreme disparities mentioned in the text regarding Nairobi, Kenya?
Income inequality between upscale neighborhoods and slum areas.
What is the main concern Paul Collier has regarding Africa's urbanization?
Overpopulation leading to congestion in urban areas
Which African city is cited as investing ahead of the curve in infrastructure development?
Addis Ababa, Ethiopia
What does Paul Collier attribute Lagos' improved urban planning to?
Efforts of three successive elected governors
How have African cities like Addis Ababa and Kigali been described in the text?
Investing in infrastructure and setting an example
What factor does Paul Collier emphasize as crucial for Lagos to succeed as a city?
Effective governance and infrastructure development
Which term best describes Paul Collier's view on Lagos' potential future?
'Africa's most important city of the future'
What is one of Akinwunmi Ambode's bold plans to improve Lagos?
Building a mass transit network and public health facilities
'Congested sprawl' mentioned in the text refers to:
Unorganized city development with traffic congestion
What is the main message of the passage?
Africa is a key market to watch, with the 'lions of African business' outpacing their slower rivals.
What is the main business of the company Interswitch?
Providing digital payment solutions in Africa
What is the significance of the fact that Interswitch processed $38 billion in transaction value in 2017?
It demonstrates the rapid growth of digital payments in Africa.
What is the significance of the statement that 'Nigerian consumers and businesses make more than 300 million digital transactions a month across a suite of Interswitch-enabled channels'?
It indicates that the adoption of digital payments in Nigeria is growing rapidly.
What is the purpose of the passage?
To demonstrate the growth opportunities in the African market, particularly in the digital payments sector.
What was the primary reason Interswitch was founded by Elegbe?
To facilitate the adoption of digital payments in Nigeria
What was the first key innovation introduced by Interswitch?
The first interbank transaction switching and payment processing infrastructure in Nigeria
What is one of the key thrusts of Interswitch's five-year strategy unveiled in 2017?
Expanding its footprint to other African countries beyond Nigeria
What is the main reason Interswitch sees significant growth potential in Africa?
All of the above
What is one key factor that helps executives identify growth opportunities in Africa?
On-the-ground experience in African countries
What is the purpose of Interswitch's "financial inclusion" business?
To help banks, merchants, and mobile networks deliver digital payment services to the unbanked
What was the main challenge faced by Nigerians prior to Interswitch's establishment?
All of the above
What was the key innovation that Interswitch introduced to address the challenges faced by Nigerians?
The first interbank transaction switching and payment processing infrastructure
How did Interswitch's innovations impact the e-commerce industry in Nigeria?
All of the above
What is the significance of Interswitch's Paycode innovation?
All of the above
What is the significance of Nairobi's nickname, "the green city in the sun"?
It refers to the informal nurseries selling flowering plants on the roadsides.
What is the purpose of the example provided about the thirty-three-year-old Kenyan working in a bank?
To demonstrate the financial obligations and responsibilities of emerging consumers.
What lesson can companies in Africa learn from the experience of other emerging markets like China?
To anticipate the changing consumer demands as incomes rise over time.
What is the term used in the text to refer to Nairobi's tech startup ecosystem?
Silicon Savannah
Which of the following statements about e-commerce in Nairobi is TRUE according to the text?
E-commerce sites are selling a wide range of products, from clothing to appliances.
What is the main point made in the text about companies seeking to serve African consumers?
They should take a longer-term view and anticipate changing consumer demands.
Which of the following is an example of a company that is helping African consumers save and invest for the future?
MyDawa
According to the passage, which of the following is a key factor driving demand from African consumers and enterprises?
Rapid urbanization and population growth
What is the expected trend in Africa's working-age population compared to other regions?
It will increase at a faster rate than India and China
What is the passage's main argument about the business opportunities in Africa?
Businesses should focus on providing healthcare, housing, and education to Africa's growing urban population
According to the passage, what is one key challenge for manufacturers seeking to industrialize Africa?
Power outages and trade barriers
What does the passage suggest about the attitudes of those who have visited multiple countries in Africa compared to those who have never been there?
Those who have visited are more optimistic about Africa's economic growth prospects
What is the passage's perspective on the potential for rapid adoption of mobile and digital technologies in Africa?
It is a trend that will be hampered by Africa's historic underdevelopment and lack of investment
What does the passage suggest about the types of cities that will experience significant growth in Africa over the next few decades?
Smaller, lesser-known cities like Ibadan, Kano, and Ouagadougou will also experience rapid urbanization
What is the overall tone and perspective of the passage regarding the business opportunities in Africa?
Cautiously optimistic, highlighting both the potential and the challenges
According to the passage, what is the significance of Africa's expanding working-age population compared to other regions?
It will offer a potential demographic dividend and strong GDP growth
Explore the powerful long-term growth trends in Africa known as the 'Big Five'. Test your knowledge on the factors driving economic growth on the continent and discover what local business executives see that global peers might be missing.
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