Growth Opportunities: Africa as an Emerging Growth Continent

Africa is emerging as a global growth frontier. The primary reasons supporting its rise are its high GDP growth rate, which exceeds the global average, a rapidly growing young population, and robust domestic and foreign investments in key sectors such as automotive, mining, oil and gas, and agriculture and agro-processing. Rapid urbanization is another factor elevating the continent’s significance on the global platform. Additionally, increased investments in green businesses and digitalization boost the region’s productivity and manufacturing capacity. Africa’s mineral-rich reserves also make it a driving force supporting the low-carbon economy vision of the future. This study explores the continent’s development prospects and evolution over the years in terms of economic, social, and demographic perspectives. It discusses high-potential sectors and provides insights into the promising factors driving their growth. To help companies capitalize on growth opportunities, the report identifies the transformative megatrends and emerging green technologies companies are investing in to gain a competitive advantage.