|
Matthias Knab, Opalesque: Africa Capital Group writes in Harvest Exchange:
Investors should take note that Africa's demographics bode well for a strong and sustained rise in economic output on the continent over the coming decades.
Here are three of the most important demographic trends in Africa for investors to understand.
1. Africa is by far the youngest continent. Africa's 1.2 billion people had an average age of only 19 in 2015, rising to 24 by 2050. This means that for a vast number of Africans, their most productive years are ahead of them. This is in contrast to the aging regions of the rest of the world, such as China, Europe and North America, where a large percentage of the population is past its point of highest productivity and consumption.
2. Africa's working age population is growing faster than that of any other continent. Between 2015 and 2050, the United Nations projects that the global working age population will increase by 1.27 billion people - and fully 69% of this increase is expected to come from Africa. By 2030, Africa's working age population will be larger than China's.
3. Africa has the fastest rate of urbanization of any continent. Increased urbanization correlates closely to stronger economic growth for a simple reason: people in urban areas are, on average, far more ...................... To view our full article Click here
|
RSS
