By 2050, about 25 percent of the world’s population will be from the African continent. What can be done now to support Africa’s educational infrastructure, bountiful resources, and technological innovation? On this episode of The McKinsey Podcast, McKinsey partner Mayowa Kuyoro and senior partner Acha Leke share details from their latest research on Africa and outline the strengths and assets the continent has that can help it vastly improve its productivity and reinvigorate its economy. They join host and editorial director Roberta Fusaro. But first, McKinsey global director of geopolitical risk, Ziad Haider, is here to give us a quick update on the current state of world geopolitics. Theme music produced, composed, and performed by Joy Ngiaw. See www.mckinsey.com/privacy-policy for privacy informationSee www.mckinsey.com/privacy-policy for privacy information

Eduardo Asaf, Acha Leke, and Francesco Malatesta from McKinsey tackle the secrets behind family-owned businesses. They reveal how these companies often outperform their non-family counterparts and contribute significantly to GDP and employment. The trio discusses key strategies for success, such as capital allocation and purpose-driven governance. They highlight the unique characteristics of the top-performing family businesses, focusing on long-term planning and talent management, which can lead to substantial value creation over the next decade.

Exploring the success factors of family-owned businesses in private equity investments, focusing on resilience, long-term vision, and value creation strategies. Discussing the efficiency and superior performance of family-owned businesses, with insights on decision-making, centralized structures, and the founder's mentality. Delving into the intersection of family offices and private equity, highlighting the potential for value addition through professionalization, growth acceleration, and governance enhancements.