World Economic Forum Africa: Is this Africa’s opportunity?
02 June 2015
Global potential economic growth is coming under increasing focus. Economies are driven by two key variables namely demographic or population growth, and productivity growth. There is concern that from a global perspective both of these areas are showing signs of slowing. Demographically speaking fertility rates have dropped from about 4.7 average number of children per woman in 1970 to around 2.5 in 2013 (Ref population reference bureau). Africa however retains the highest fertility rates of any region at some 4.7 children per woman. This, along with potentially good productivity growth off a low base, makes Africa a clearly exciting prospect from a potential economic growth, consumption, and therefore investment perspective.