Africa:facts & figures Watch
* 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.
* 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.
* 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.africastrictlybusiness.co... ts-and-figures __________________
- Political Ambassador
What potential must surely be wasted.
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.