Why Africa matters?

Africa is considered a promising region for economic growth and investment due to several factors, including:

·?????? Natural resources

Africa has abundant natural resources, including 10% of the world's oil reserves, 40% of its gold ore, and 80–90% of its chromium and platinum group metals.?The continent can continue to profit from the rising global demand for these resources.

·?????? Demographic trends

Africa's population is young, with over 60% under 25.?By 2050, Africa is projected to have a quarter of the world's working-age population, which could represent a large pool of potential innovators and economic drivers.

·?????? Strategic location

Africa's geographical location can facilitate global trade.?The African Continental Free Trade Area (AfCFTA) has identified sectors such as agro-processing, automotive, pharmaceuticals, and transportation and logistics as priorities for increased cross-continental trade.

·?????? Economic diversification

Africa's top-performing economies have benefited from declining commodity dependence and increasing investment in key growth sectors.?For example, Ethiopia offers tax breaks, cheap power, and proximity to Middle Eastern markets, making it an attractive location for manufacturers.