Africa’s “Glass with Attitude”
Africa has been an area of interest to our team, for many reasons. One might say Africa’s biggest asset is its youthful population. With a median age of under 20 in many countries today, that means a very high portion of Africa’s population is dependent on the adult workforce. Tomorrow, however, it means that the workforce will be massive, and the ratio of dependents to workers (the dependency ratio) could be among the lowest in the world. This huge and youthful population is a key rationale for our interest there. While economies in Africa are diversifying and providing many avenues for these emerging populations, the mining/natural resources sector remains a key industry and employer. Diamonds are one of the continent’s resources worth further exploration.