Is the future in Africa?

How is the future of Africa?

With a steadily growing population heading towards 2bn, Africa’s 1.1bn workforce will be the world’s largest by 2040. Equally, with a collective GDP of $2.6 trillion by 2020 and $1.4 trillion of consumer spending, many see the impact of around 500m new middle class consumers.

What is the future of African economy?

Real GDP in Africa is projected to grow by 3.4 percent in 2021, after contracting by 2.1 percent in 2020. This projected recovery from the worst recession in more than half a century will be underpinned by a resumption of tourism, a rebound in commodity prices, and the rollback of pandemic-induced restrictions.

What African country has the brightest future?

Ethiopia’s rapid and inspirational growth symbolises the continent’s bright future. At a time of slow global economic growth, African policy-makers should single-mindedly focus on building the continent’s production capacity and attracting productive FDI in three ways.

Will Africa be the next superpower?

Third, Africa has great potential and could become the next economic frontier. It is home to some of the world’s current fastest-growing economies; its population is also expected to grow by 184% and increase to 2.1 billion by 2050.

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Does Africa have a future in manufacturing?

Business-to-business spending in manufacturing in Africa is projected to reach $666 billion by 2030, more than a third more than in 2015.

What is the average life expectancy in Africa?

The average life expectancy globally was 71 years for males and 75 years for females in mid-2021.

Average life expectancy at birth in Africa for those born in 2021, by gender and region (in years)

Characteristic Males Females
Northern Africa 73 75

What would improve the quality of life in Africa?

Africa and essential services

Access to services is essential to improving quality of life. Better health, education, water and sanitation services are the key to creating a healthy and educated population that is equipped to take advantage of work and business opportunities.

What is the richest country in Africa?

Top 20 Richest Countries in Africa

  1. Seychelles.
  2. Equatorial Guinea.
  3. Gabon.
  4. Botswana.
  5. South Africa.
  6. Libya.
  7. Namibia.
  8. Egypt.