Charts of the week: Africa’s changing demographics
The Africa Development Initiative at Brookings has simply released its annual “Foresight Africa” report, lighting up 6 issues and recommending services for difficulties facing African countries. “Africa is brimming with promise,” the report notes, and “in some places, peril.” Here are three charts out of numerous that occupy the report’s analyses that showcase some of the important demographic changes and urbanization happening throughout the continent. See the full report here.
IN AFRICA: YOUNGEST POPULATIONS HAVE THE OLDEST LEADERS
Thione Niang, co-founder of Akon Lighting Africa, “composes in the report that” youth in Africa are isolated and underrepresented in governance across the continent.” Sixty percent of Africa’s 1.25 billion people are under age 25– the youngest population worldwide– however the average age of leaders in Africa is 62, older than the OECD median. However, Niang writes, “Oftentimes, the more youthful generation is more well-informed, equipped, and prepared to attend to the quick moving problems these days than the established leadership.”
BY 2050 ONE-THIRD OF THE WORLDWIDE YOUTH WILL REMAIN IN SUB-SAHARAN AFRICA
John Page, a senior fellow in the Worldwide Economy and Development Program at Brookings, composes that Africa’s failure to industrialize combined with a growing population of more informed and urbanized youth “ is a crisis in the making. “He argues that markets”without smokestacks,” like tradable services, agro-industry, and gardening may be key to addressing the issue.
AFRICA IS ACQUIRING MORE LARGE CITIES
Acha Leke of McKinsey & & Business and Landry Signé, a David M. Rubenstein Fellow with the Africa Growth Initiative, observe that potential investors in Africa should believe of cities, not just the continent’s 54 nations. As the map listed below programs, by 2030 Africa will have 17 cities with more than 5 million residents, but also 90 cities with at least one million. “Rapid urbanization is one great reason that business ought to make cities a central focus of their African growth strategies,” they compose.
By Fred Dews
To find out more, see “ Insight Africa: Top priorities for the continent in 2019.”