Africa: the Next Emerging Continent

Higher education related to Africa:

Course: African Economy.

Masters: Business in Africa, Transport in Africa, International Business, Foreign Trade.

Doctorate: African Business, World Trade.

Languages: or Afrique: prochain continent émergent África próximo continente emergente África: próximo continente emergente.

1- African Population.

“The future of humanity is ever more African” (UNICEF).

1. African population:
   1. 2015: 1.1 billion people;
   2. 2030: 1.6 billion people;
   3. 2100: 4 billion people (1 billion in Nigeria);
   4. In thirty-five years, 25% of the world's population will be African.
2. Demographic dividend;
3. Emerging middle-class in Africa: 350 million people (34% of the African population). 1,100 million in 2040 (42% of the African population);
4. Urbanization in Africa: 353 million people. In 2040, the half of Africans will live in a city;
5. Young African population: 60% (world's largest labour market).

Moreover, we cannot forget that...

Africa is the cradle of humanity.

2- New Role of the African Women

519 million Women: the fundamental pillar of the African economic development.

1. African Women: 70% of the agriculture labour in Africa;
2. Produces 90% of all the African food;
3. H.E. PhD Nkosazana Dlamini-Zuma - Former Chairperson of the African Union Commission;
4. Ellen Johnson-Sirleaf (Former President of Liberia).

3- African Economy: Deep African Socio-economic Transformation.

African economic growth: 5% in the last decade.

1. The largest African Economy: Nigeria, followed by South Africa, Egypt, Algeria, Angola, Morocco, Sudan, Kenya, Ethiopia, Libya;
2. Africa has twenty global frontier markets (50% of the total of the World);
3. The African Frontier Markets are Nigeria, Kenya, Angola, Ghana, Ethiopia, Morocco, Tanzania, Algeria, Ivory Coast, Zambia, and Uganda;
4. South Africa is a member of the BRICS Countries;
5. Top African economic sectors: Agriculture (25% of the GDP) and services;
6. African manufacturing sector: 10% of the African GDP;
7. Mineral resources;
8. Commodities prices;
9. African demand increment;
10. Boom of e-Commerce. Information and communication technologies: 7% of the African GDP. African mobile revolution (650 million mobile users);
11. Agenda 2063: “the future we want for Africa” (the African Union).

Nigeria is the first world's frontier market.

4- African Businessman.

Emergence of the African Businessman.

1. Alhaji Aliko Dangote (the richest men in Africa, Nigeria);
2. Isabel dos Santos (the richest women in Africa, Angola);
3. Onsi Sawiris, Mike Adenuga, Mohamed Mansour, Issad Rebrab, Folorunsho Alakija, Othman Benjelloun, Patrice Motsepe, Aziz Akhannouch, Miloud Chaabi, Theophilus Yakubu Danjuma, Tony Elumelu.

5- Intra-African Trade and Regional Integration in Africa.

Towards the African Continental Free-Trade Area.

Intra-African Trade and African Economic Integration.

1. Low intra-African trade flows (10 - 13%);
2. Near 80% of the African exports are exported out of Africa;
3. Action Plan for Boosting Intra-African Trade (objective: 25% of the intra-African trade);
4. Cost to transport a container from the Port of Durban (ZA) to Lusaka: 8,000 dollars (1,800 dollars from Durban to Japan);
5. Africa foodstuff imports: 39 billion dollars annually;
6. Regional Economic Communities (REC): Trade and Market Integration, obstacle reduction to the Intra-African Trade, Sectoral Harmonization Policies, Macroeconomics Policy Convergence, Financial and Monetary Integration;
7. COMESA-EAC-SADC Agreement;
8. OHADA;
9. African Continental Free-Trade Area (AfCFTA): fifty-four countries, 1 billion people, combined GDP: 1.2 trillion dollars.

6- Infrastructures in Africa.

Programme for Infrastructure Development in Africa (PIDA).

The need for infrastructures in Africa.

1. Energy. 600 million of African lives without access to electricity;
2. Transport. 18 billion dollars in annual investment;
3. African Corridors Development
   1. Asia-Africa Corridor.
4. Information and Communication Technologies;
5. Transboundary Water Resources.

7- Governance in Africa.

Better business environment in Africa.

A better governance in Africa.

1. More democratic governments;
2. African Peer Review Mechanism;
3. Peaceful elections;
4. Less corruption;
5. Better business environment;
6. Improvement in the Easy of Doing Business rank of the World Bank (WB). Mauritius is the African Country with the highest rank followed by South Africa, Rwanda, Ghana;
7. Tax revenues increment;
8. Fewer African conflicts (“Silencing the Guns” - African Union).

8- Africa and the Global Market.

Africa: 3% of the global trade.

1. African share of the global manufacturing production: 1.5%;
2. Emergence of the partnership with the BRICS (Brazil, India, China, South Africa);
3. Trade between China and Africa: 200 billion dollars;
4. Trade with India: 90 billion dollars;
5. Key players: The United States, China, India, the BRICS Countries, the Arab countries, South Korea, Japan, Turkey.

EENI African Business Portal.

Economic Area of the African Civilization.

(c) EENI Global Business School (1995-2023)
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