Africa is rapidly emerging as the next global economic frontier, driven by its youthful and dynamic workforce. By 2050, the continent’s population is expected to double to 2.5 billion, with 60% of its people under the age of 25.

This demographic shift positions Africa to become a significant player in the global labor market, particularly in sectors requiring skilled labor such as manufacturing, digital technology, and green energy. Additionally, the African Continental Free Trade Area (AfCFTA) is projected to host 1.7 billion people and oversee $6.7 trillion in consumer and business spending by 2030.

With a GDP growth forecast of 4.3% in 2024, Africa is set to be the second-fastest growing region after Asia.
This burgeoning workforce and economic potential make Africa a key region to watch in the coming decades.