Economy of Africa - Wikipedia
WEBThe economy of Africa consists of the trade, industry, agriculture, and human resources of the continent. As of 2019, approximately 1.3 billion people [11] were living in 53 countries in Africa. Africa is a resource-rich continent. [12][13] Recent growth has been due to growth in sales, commodities, services, and manufacturing. [14]
Africa’s path to growth: Sector by sector | McKinsey - McKinsey & Company
WEBJun 1, 2010 · Although Africa’s growth prospects are bright, they differ not only country by country but also sector by sector. In these articles, we examine the possibilities for seven of them: agriculture, banking, consumer goods, infrastructure, mining, oil and gas, and telecommunications.
The ranking: Africa’s Fastest Growing Companies 2024 - Financial Times
WEBMay 14, 2024 · Economic growth in Africa, overall, in 2023 was 3.2 per cent, according to the IMF — lower than in Asia, which grew at nearly 5 per cent. And, given the African continent’s fast population...
Top 10 most industrialized African countries according to the …
WEBNov 30, 2022 · Business Insider and the Africa Collective initiative it supports present the 10 most industrialized countries in Africa. The index used in ranking the African countries include both direct and...
Reimagining Africa’s economic growth | McKinsey - McKinsey & Company
WEBJun 5, 2023 · Africa’s economies are shifting rapidly from agriculture and extraction to services, but productivity still lags. The African economy has undergone a profound structural shift to services over the past 20 years, as people left work in the fields to take jobs in trade and other services in cities.
AfCFTA could help Africa's automotive industry enter an era of …
WEBApr 4, 2023 · Transformative change is underway in the African automotive industry as trade begins under the African Continental Free Trade Area (AfCFTA). The continent’s auto industry, valued at $30.44 billion in 2021, is expected to grow to $42.06 billion by 2027 — a nearly 40% increase in value.
Africa Industrialization Index 2022 - African Development Bank …
WEBNov 24, 2022 · Africa Industrialization Index 2022. 24-Nov-2022. Industrialization is central to Africa’s development prospects. With its young labour force, abundant natural resources and fast-growing internal markets. Africa has the potential to become the next global frontier for industrial development.
African industry is doing better than previously thought - The Economist
WEBMar 18, 2021 · The World Bank reckons the new continent-wide free-trade area that came into force this year could more than double intra-African trade in manufactured products by 2035.
New report by African Development Bank, partners finds that 37 African …
WEBNov 24, 2022 · Thirty-seven of 52 African countries have become more industrialized over the past eleven years, according to a new report from the African Development Bank, the African Union and the United Nations Industrial Development Organization (UNIDO).
Africa must industrialize: 10 key points that African leaders …
WEBDec 1, 2022 · Here is a highlight of the key points of commitment at the just concluded African Union Extraordinary Summit on Industrialization and Economic Diversification, and the Extraordinary session on the African Continental Free Trade Area convened in Niamey, Niger on the 25th of November 2022.
Skip to content