Gender inequality in Africa remains high, and progress toward gender parity has stagnated. This is a large missed opportunity for African societies and for the continent’s growth prospects. If Africa steps up its efforts now to close gender gaps, it can secure a substantial growth dividend in the process. Accelerating progress toward parity could boost African economies by the equivalent of 10 percent of their collective GDP by 2025, new research from the McKinsey Global Institute finds. This report explores the “power of parity” for Africa, looking at the potential boost to economic growth that could come from accelerating progress toward gender equality.
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