3 things to know about the African economy

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Before thinking about returning to Africa, it is important, even essential, to keep abreast of the development of the continent’s economy. For a long time, we have presented our countries as full of many opportunities; however, especially when we are not there, we often have the impression that these are just words. Well no!

What you need to know about the African economy is above that it will not happen without you. The brains of his children, whatever their geographic position, are his greatest strength. After that, it should be remembered that:

1. The workforce proposed in Africa is and will be more and more educated and qualified:

No longer wonder if you will have to do all the work or if you will only work with incompetents to whom you will have to teach everything. Today, more than 40% of the African population has followed secondary and/or higher education; a figure that tends to grow exponentially.

In 2035, the workforce in Africa will be larger than that of large emerging economies such as India and China. The advantage of working with a qualified and more educated workforce is above all to better control the economic growth of a company, but also to participate in the economic effort of an entire country by promoting consumption.

2. The African continent is in the phase of becoming the breadbasket of the world

With around 60% of the world’s fallow arable land, Africa is increasingly able to reduce unemployment by creating nearly 8 million paid jobs over the next three years.

Some countries such as Senegal and Mali have already started to address land issues in order to better respond to the dual demand for consumption and employment that they face. The objective of such requests is to boost the GDP of our countries by creating mass jobs in the years to come.

3. The continent is a land with a promising future despite a large number of challenges

African governments continue to motivate job creation and entrepreneurship to cope with an expanding workforce. If the right policies are implemented by governments, the employment challenge can be met.

Investors around the world are beginning to position themselves on the continent, aware of the potential it holds. Many multinationals are also starting to settle there, seeing the vast human capital from which they can benefit. Africa’s economic future may well have a place in history books for generations to come.

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