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Browsing: AIF
- By 2050, a quarter of the world’s population (25%) will be in Africa
- Africa Investment Forum (AIF) raises US $31 billion in investment deals
- Only 33 of Africa’s 51 countries have signed the single passport protocol and only four have ratified it
Come 2050, a quarter of the world’s population (25%) will be in Africa, that in itself is a good enough reason to invest in Africa and for Africa to invest in education and workforce skill upgrade.
In fact, according to the African Development Bank (AfDB), there are two other factors that beg for increased investment in Africa. First the fact that Africa holds 65% of the world’s virgin arable land and second, Africa, by far, hosts the world’s biggest known sources of renewable energy.
As AfDB President Akinwumi Adesina put it, “the future of Africa lies in investments, not aid.”