“The future of Africa is dependent on its young people. Africa is a young continent, and we need to harness this demographic dividend to spur growth and development.” – Vera Songwe, Executive Secretary of the United Nations Economic Commission for Africa

Africa in Motion; a Continent on the Rise

Africa is no-longer a “dark continent” it has Africa has shed its old image embracing a new chapter for its rise.

Over the past few decades, Africa has emerged as a continent on the move with tremendous milestones in spheres. Watch the space Africa is poised to become the future of the global economy.

The dynamism of its young population, abundant natural resources, and new innovations is setting Africa on the future of the global economy. Embrace the future, Africa is in motion, a continent on the rise- Africa is the future!

Human civilisation over the years has relied on its population Africa’s population is around 1.3 billion people and projecting to reach of 2.5 billion by 2050. This makes it a continent with the fastest-growing population. This young, dynamic, and increasingly educated population presents a huge opportunity for economic growth and development in Africa. This population has the potential of becoming credible consumer power.

From the north to the south, across the continent there is abundancy and endowment of natural resources needed to drive the present and the future of industrialisation. Industrialisation is driven by natural resources of which the continent has in plenty; oil, gas, minerals,mentals, sand, sunshine, stone, and arable land among others. There is an abundance of water resources a portent for hydroelectric power generation, irrigation for agriculture, and other purposes.

The biodiversity of Africa rich with unique and valuable plant and animal species found nowhere else in the world. This is not only important for the environment but for the economic value chain and eco-tourism and industrialisation.

The continent is diverse in cultures and languages a driver for creativity and innovation.

We see Africa rising to digital technology and e-commerce. This has created enormous opportunities for African entrepreneurs and businesses.

The home of the most of the worlds significant and diverse landscapes, flora and fauna giving the world a unique travel experiences and magical beauty.

The rich adversity is taking a centre stage in influencing art, music, and literature around the world. This cultural is leading to greater recognition and appreciation for the continent’s contributions to global society.

Amidst the challenges of Africa such as poverty, political instability, conflicts, weak institutions, and climate change. The potential of the continent is still three-fold.

The future of Africa is in the right policies, investments, and partnerships, Africa can become a hub of innovation, entrepreneurship, and economic growth.

Cases of Africa’s in Motion

“Africa is a continent of opportunities. With the right policies and investments, it can become a powerhouse of the global economy.” – Akinwumi Adesina, President of the African Development Bank

The Kenya M-Pesa revolutionised the mobile-based payment system transforming banking and financial services in Africa. This a digital payment and transfer system allowing users to transfer money, pay bills, and make purchases using their mobile phones. Today, over 40 million people use M-Pesa in Kenya alone. We are witnessing similar services have been launched across African.

The abundance of sunshine and limited access to electricity in many rural areas, has made Africa to be the hub of innovation in solar energy. Companies like M-KOPA Solar and Off Grid Electric are providing affordable solar power to millions of households across the continent, helping to reduce dependence on fossil fuels and improve access to modern energy services.

We are seeing an emergence of Tech Hubs in cities like Lagos, Nairobi, and Cape Town growing number of tech hubs. This where start-ups and entrepreneurs are developing innovative solutions to local and global challenges. The hubs provide access to funding, mentorship, and a supportive community that is driving home grown technology to the challenges faced in Africa.

Africa to be become a global icon, de-fragmentation of its market is no longer needed. The African Continental Free Trade Area (AfCFTA) is a therefore a landmark agreement for a single market for goods and services across the continent. This will eventually boost African economies by trade, investment, and job creation.

The Role of Women in Business: Women are increasingly taking on leadership roles in Africa’s business and entrepreneurship sectors. In countries like Rwanda, women make up the most small business owners, and initiatives like the Women in Business program are helping to support female entrepreneurs across the continent. The potential of women to drive Africa’s economic growth is vast.

Watch the Space, Africa on the Go.

Africa is on the rise, Africa is the future. With innovative solutions to everyday problems and a growing entrepreneurial spirit, Africa is becoming a hub of creativity and opportunity overcoming obstacles and challenges with determination and a spirit of collaboration.

Africa is on the run, running towards its future, turning the tables in the global economy and shaping the destiny of the future generations. The continent is no longer a passive recipient of aid and assistance rather its taking charge of its own development and shaping the destiny of future generations. Watch the space, Africa is set to be a major force in the global economy.

References

“Mobile money and development: An analysis of M-PESA in Kenya”: https://www.sciencedirect.com/science/article/pii/S0305750X11000382 

“Solar energy in Africa: Lessons from Kenya”: https://www.mckinsey.com/featured-insights/energy-resources/solar-energy-in-africa-lessons-from-kenya

“Africa’s technology hubs”: https://www.mckinsey.com/featured-insights/middle-east-and-africa/africas-technology-hubs

“The African Continental Free Trade Area: Opportunities and Challenges”: https://www.uneca.org/publications/african-continental-free-trade-area-opportunities-and-challenges

“Women in business: A focus on Rwanda”: https://www2.deloitte.com/rw/en/pages/about-deloitte/articles/women-in-business.html

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