Invest Africa
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Three trends for Africa’s future in the long term, three powerful positive trends are likely to sustain Africa’s growth. First, the continent has a young population with a growing labour force – a highly valuable asset in an ageing world. In 2034, Africa is expected to have the world’s largest working-age population of 1.1 billion. In recent times, it has had some success in creating jobs – 21 million new stable (formal, wage-paying) jobs over the past five years, and 53 million over the past 15. Stable jobs grew at a rate of 3.8% between 2000 and 2015, 1% faster than growth in the labour force. This is still far from the job-creation trajectory Africa needs to fuel future growth, but it is progress.Second, Africa is still urbanizing and much of the economic benefit lies ahead.
