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Originally published by Citizen Digital
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September 19, 2025
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Africa, the next frontier in economic growth: Opportunity versus reality

Africa, the next frontier in economic growth: Opportunity versus reality

Africa’s latent potential is vast and underpinned by its growth in population, varied natural resources, and unexploited creativity, even as factors such as adverse effects of climate change, wars and.....

✨ Key Highlights

Africa is poised to become the next frontier for global economic growth, driven by its rapidly expanding population, vast natural resources, and burgeoning technological adoption. However, challenges like poor governance, climate change, and armed conflicts threaten to undermine this potential.

  • By 2050, more than 1 in 4 people globally will be African, with the continent's population projected to reach 2.5 billion.
  • Africa's GDP growth rate currently surpasses the global average, with its digital tech sector experiencing nearly 50 percent growth over the last five years.
  • The African Continental Free Trade Area (AfCFTA), adopted by 54 member states, aims to create the world's largest trading bloc, potentially generating significant economic value.
  • A 2022 survey found that 22 percent of working-age Africans prefer starting small businesses, indicating a strong entrepreneurial spirit.
  • Key initiatives like President William Ruto's Affordable Housing Programme and skilled labor export aim to create jobs for Kenya's youth, though their effectiveness in addressing the country's unemployment remains a concern.

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