WHY AFRICA MAY BE THE NEXT “UNITED ARAB EMIRATES” FOR GLOBAL BUSINESS

The current state of global fertility makes me to start believing that, Africa might be the world’s hope for the survival of human species.
Unfortunately even in 2024, I still come across business people who still underestimate the potential economic power of Africa.

Facts About Africa

1. Africa Continental Free Trade Area Agreement is the largest Free Trade Area in the world. The pact connects over 1.2 Billion people across 55 African countries with a combined GDP of US$ 3.4 Trillion.

2. ⁠More than half of the global population growth between now and 2050 is expected to be in Africa.

3. ⁠By 2035, Africa’s population will be considerably larger than that of India or China.

4. ⁠Approximately 60% of Africa’s population is under the age of 25
5. ⁠Some economists forecast that spending by African consumers and businesses is expected to reach $5.6 Trillion as early as next year in 2025.

6. ⁠There is a growing middle class across Africa resulting in rising consumption.

7. ⁠Africa has abundant natural resources.

8. ⁠Africa has got one of the highest digital adoption rates in the world. The youths in Africa are ever hungry to adopt new technology trends. This is due to wide internet penetration and cable Television across Africa.

9. ⁠Africa has about half of the planet’s arable land. Most of it is underutilized because the majority of people still use subsistence methods of production

Please come and invest in Africa now before you miss the train. There are opportunities across all sectors.