Can Africa turn its population boom into prosperity?
Summary
Africa’s population is growing rapidly and is expected to reach 2.5 billion by 2050. This growth offers economic opportunities but also challenges, especially related to governance, infrastructure, and agricultural productivity.Key Facts
- Africa currently has 1.6 billion people, expected to double by 2061.
- By 2040, Africa’s working-age population will be larger than India’s and China’s combined.
- Urban population in Africa is about 44% now and expected to rise above 60% by 2050.
- Growth in population creates bigger markets and workforce but requires effective government planning.
- Governance has worsened in about half of African countries over the past decade.
- Agricultural productivity in sub-Saharan Africa is low compared to other regions.
- Some countries like Ethiopia and Rwanda show progress with focused reforms.
- The African Continental Free Trade Area (AfCFTA) aims to connect 1.4 billion people in a single market but faces challenges in implementation.
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