Did You Know?

• The labour force in Africa is expected to be 40% larger by 2030.
• Every year around 1.3–3 million jobs are lost mainly due to administrative hurdles, corruption, inadequate infrastructure, poor tax administration.
• Implementing the World Trade Organization’s Trade Facilitation Agreement in the continent would increase by 4.5% Africa’s GDP.
• Only a quarter of roads are paved in Africa compared with 60% in India and two- thirds in China.
• In 2034, the continent is expected to have a 1.1 billion people in a working-age, larger than China and India.
• At 2037, Africa’s urban population will be the majority.

Source:

African Economic Outlook 2019, Africa Development Bank, Page 45, Read More 
Chironga Mutsa, Acha Leke, Georges Desvausx, Africa’s Business Revolution: How to succeed in the world’s next big growth market, 2018, Boston: Harvard Business Review Press.