In partnership with Newsweek magazine, Country Reports is launching a series of reports entitled “Africa Rises,” which will highlight Africa’s extraordinary economic growth potential in the decades to come, following the resumption of normal global trade activities post-COVID 19. The reports will feature both online and in print and will focus on several key sectors, from finance to infrastructure, agribusiness or manufacturing.
3,7 % growth (2019)
GDP
1.2 Billion
Population
54
Countries
Most models predict that Africa’s population will double by 2050, and as the youngest continent in the world, Africa also boasts six of the world’s ten fastest-growing economies. In addition, the African Continental Free Trade Area (AfCFTA), which includes almost every African country, represents the largest free-trade agreement since the establishment of the World Trade Organization in 1995.
With many African countries beginning to diversify away from more commodity-based export economies towards the import and export of manufactured goods, we will see an advance in robust economic development throughout the continent in the medium term.
AFRICA RISES – INDUSTRY SECTORS
