* While many of the insights in Success in Africa are from work with Dalberg, and other firms, all opinions expressed are strictly my own.

* Here I’m borrowing the technique of Miles Morland, a private investor in Africa who sits on the board of one of its largest companies. Miles writes an occasionally brutal and always savvy newsletter, and uses a photo of Ghana street life in a similar way.

* There are many definitions of small and medium enterprises. Most are based on the number of employees, and most of those definitions put that number at fewer than 255.

SABMiller is listed in London and Johannesburg. Its history, culture, and leadership are strongly African, and I concur with BCG’s description of it as African.

* Africa is a continent; ...

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