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Feb 11, 2020 · Already, spending by consumers and businesses in Africa totals $4 trillion. Household consumption is expected to grow by 3.8% annually until 2025, reaching $2.1 trillion, and business spending should grow from $2.6 trillion in 2015 to $3.5 trillion in 2025. Altogether, the McKinsey report predicts $5.6 trillion in African business opportunities ...
Sep 23, 2022 · Investing in Africa’s renewables. According to the International Energy Agency (IEA), Africa has 60% of the world’s best solar resources, but only 1% of solar generation capacity. To achieve its energy and climate goals, Africa needs $190 billion of investment a year between 2026 to 2030, with two-thirds of this going to clean energy, the ...
Jul 15, 2015 · The establishment of colonial rule over the African interior (c. 1880-1900) reinforced Africa’s commodity export growth. Colonial control facilitated the construction of railways, induced large inflows of European investment, and forced profound changes in the operation of labour and land markets (Frankema and van Waijenburg 2012).
Jan 5, 2021 · Africa is the future and the future is African. More than a thought, this highlights Africa's tremendous potential to advance its development. With the youngest population globally, African people will represent one-fifth of the world population by 2030. This population represents both a tremendous human capital stock and a large consumer market.
Apr 28, 2024 · Africa and the Gulf: An emerging economic partnership. Over the last decade GCC countries have collectively invested over $100 billion in Africa. The UAE has invested $59.4 billion. Saudi Arabia and Qatar have invested $25.6 billion and $7.2 billion respectively. Notably, during this period, the UAE has been the fourth largest foreign direct ...
Sep 19, 2022 · By 2030, young Africans are expected to constitute 42% of global youth. Africa’s education programmes must be reimagined to nurture talent. For human development specialists, population growth is no laughing matter. By November 2022, the global population is projected to reach 8 billion, inspiring many analysts across the board to speculate ...
Jul 12, 2023 · In the coming decades, Africa will become a pivotal player in international affairs. A confluence of the continent’s abundance of strategic resources, favourable demographics and attractive growth prospects may give its leaders leverage in modern affairs. The US-China rivalry and push for net-zero emissions will be key catalysts for ...
Oct 21, 2021 · Early predictions of the impact of the COVID-19 pandemic by some public health scientists painted a gloomy picture for Africa. The continent was expected to suffer a huge burden of disease and death. These predictions have not held true. The continent has experienced fewer deaths than predicted.
Feb 28, 2024 · Total external debts as a share of Africa’s export earnings increased from 74.5% in 2010 to 140% in 2022. In 2022, African governments had to allocate about 12% of their revenues to servicing their debt. Between 2019 and 2022, 25 African governments allocated more resources to servicing their total debts than to the health of their citizens.
Aug 24, 2022 · Aug 24, 2022. Africa's start-up scene is led by just four countries: Nigeria, Egypt, Kenya and South Africa. Image: REUTERS/Temilade Adelaja. 92% of Africa’s investment in tech is won by just four countries: Nigeria, Egypt, Kenya and South Africa. According to Disrupt Africa this is because their sizeable populations and large GDPs make them ...
