Africa:facts & figures Watch

JACKIEKENNEDY
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* Ghana, Kenya, Mozambique, Nigeria and Tanzania, are among the world’s top 10 fastest growing economies, based on 2011-2015 estimates by The Economist.

* Spending by African consumers is projected to rival that of Russia and India, with Sub-Saharan Africa's consumers generating up to $1.4 trillion by 2020. equivalent to annual average spending of $520 billion.

* Consumer spending in Sub Saharan Africa grew at a compound average rate of 4% in the decade 2000 to 2010.

* 856 million Sub Saharan Africa consumers spent an estimated $600 billion in 2010.

* By 2020, 128 million households will have discretionary income, up 50% from 2010.

* By 2030, the top 18 cities are projected to have $1.3 trillion combined spending power.

* At 11% to 12% in 2012, the rate of return on foreign direct investment in Africa has exceeded that of other developing countries since 2006.

* External financial flows into Africa hit a record in 2013 and are expected to top $300 billion in 2014.

* Over the last two years Walmart completed a $2.4 billion acquisition of South African retailer Massmart.

* IBM announced a $1.5 billion investment in African-focused technology company Bharti Airtel.

* IBM in 2012 opened its first African research lab in Nairobi, Kenya. IBM Research - Africa is IBM’s 12th global laboratory and the first science and technology research lab on the continent conducting both applied and far-reaching exploratory research.

* U.S. private-equity giant the Carlyle Group launched a sub-Saharan Africa investment practice.

* Apple is expanding shops for iPhone sales across the continent to meet demand of a mobile market predicted to reach more than a billion users by 2020.

* Rwanda ranks eighth in the world in the “Starting a Business” category of the global “Ease of Doing Business” index.

* Numbering some 30 million adults, the African Diaspora sends about US$ 40 billion annually to families and local communities back home.

* Africa has 60% of the world’s uncultivated arable land.
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JACKIEKENNEDY
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* Africa accounts for 14% of the world’s population.

* There are more than 200 million youth in Africa, comprising more than 20% of the continent’s population.

* Close to 70% of Africa's population is aged below 25, making it the youngest continent in the world. For example, in Kenya, young people are close to 75% of the population.

* Uganda has the youngest population in the world, with a fertility rate of 6.2 children.

* By 2040 Africa is set to have 1 in 5 of the planet’s young people.

* 1.1 billion Africans will be of working age by 2020.

* Africa’s labor force is projected to rise by 122 million between 2010 and 2020, creating a continent-wide labor force of 500 million by the end of the decade.

* 25 million young people will enter Africa’s labor force each year by 2025.

* The youth population currently constitutes about 37% of the total labor force.

* The informal sector of the economy accounts for about 90% of the jobs created on the Continent.

* Rates of urbanization in Africa are the highest in the world. By 2020, 66% of the continent’s population are expected to live in cities and be of working age.

* 52 out of the 54 countries in Africa have more than 1 million people each.

* About eight million graduates are produced annually by African universities.

* Poverty levels of Africa’s population are expected to decline to 20% by 2020, from around 43% in 1995.

* Today's African Diaspora consists of approximately 30 million adults.

* Africa has 29 stock exchanges.

* Africa’s retail banking sector is projected to grow 40% by 2020 from 2011.
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JACKIEKENNEDY
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* Africa is estimated to host 40% of the world’s mineral reserves, and an even higher proportion of deposits of gold, platinum, diamonds and manganese.

* Africa has 10% of the world’s reserves of oil; 40% of the world’s gold; 80% to 90% of the world’s chromium and platinum.


* Production of oil, gas and most minerals in Africa is set to continue to grow at 2% to 4% per year.

* South Africa produces three-quarters of the world’s platinum, 40% of chromium and more than 15% of gold and manganese.

* Guinea accounts for 8% of world bauxite production.

* The Democratic Republic of the Congo accounted in 2010 for half of production the world’s cobalt, one quarter of industrial diamonds, 14% of tantalum, and 3% of copper and tin.

* Zambia is estimated to rank sixth in the world in the production of copper ore and fifth in the production of cobalt ore.

* Botswana accounts for around 20% of diamond exports.

* Africa’s gold producers – mainly Burkina Faso, Ghana, Guinea, Mali and Tanzania – together account for 9% of gold production, double the share in 2000.

* Sierra Leone is the 10th-ranked producer of diamonds by volume and the third-ranked producer of rutile, a heavy mineral used in paints, ceramics and plastics.

* Namibia and Niger are respectively the fourth-and fifth-ranked producers of uranium, together accounting for about 17% of world output.

* Guinea has some of the world’s highest-grade iron ore reserves.

* BHP Billiton, the world’s largest mining company, also holds four licenses for iron ore exploration in Liberia.

* Proven oil reserves in Africa increased by 15 million barrels between 2010 and 2011.

* China's investment in Africa has increased a staggering 30-fold since 2005.

* In 2009, China surpassed the Unites States as Africa’s largest trading partner.

* China’s two-way trade with Africa valued $152 billion in 2012, down from $166 billion in 2011, compared to $73 billion and $126 billion, respectively, in U.S.-Africa two-way trade.

* From 2000 to 2010, China’s Export Import Bank cumulative financing authorizations for Africa totaled $67.2 billion, against $7.3 billion for the U.S. Export Import Bank in the same period.

* Angola has been one of the four biggest recipients of Chinese financing for infrastructure projects. It supplies 51% of China’s oil imports from Sub Saharan Africa.

* In 2004, China extended a $2 billion credit line to Angola for infrastructure development. As repayment, Angola agreed to supply China 10,000 barrels of crude oil a day. This arrangement, which gave birth to the term “Angola model,” broadly describes China’s relationship with much of Africa.

* Equipment and machinery are China’s largest and fastest growing sectors in trading with Africa.

* China’s infrastructure investments in Africa totaled $35 billion from 2001 to 2010.

* China’s infrastructure financing in Sub-Saharan Africa has exceeded that of the World Bank since 2005.

* China has invested $23 billion on oil refineries in Nigeria with a view toward access to oil reserves.

* China has invested $6 billion in the Democratic Republic of Congo for mines, roads, rails, hospitals and schools infrastructure.


http://www.africaneconomicoutlook.or... ta-statistics/
http://www.afdb.org/fileadmin/upload...%20Figures.pdf
http://www.statistics.eac.int/index....raw&Itemid=153
http://www.africastrictlybusiness.co... ts-and-figures __________________
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lucaf
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Good for them?
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JACKIEKENNEDY
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Ive noticed that nigerians are winning. They even overtook us south africans.
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Aj12
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(Original post by JACKIEKENNEDY)
Ive noticed that nigerians are winning. They even overtook us south africans.
Is there anything you want to discuss here bar the long list of statistics?
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indigobluesss
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Please, just give it a rest, woman.
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childofthesun
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Yeahhhh Africaaaaa
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felamaslen
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It's a shame Africa is full of tyrants. The number of free nations in Africa can be counted on one hand.

What potential must surely be wasted.
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Rakas21
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Personally i do think Africa has it's bright spots but much of the continent is corrupt, lacks respect for property rights, has birth rates that are far too high for an economy to cope with and is full of countries where it's citizens are either essentially lawless, at war or living under tyranny.

That being said, in North Africa i do have high hopes for Morocco and Tunisia in particular. South of the Sahara i think Angola is the best bet. Nigeria as it stands will become the power in Africa so long as it continues to develop.
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