The Opportunities Ahead for Africa - Mckinsey
➡️ Africa will have the biggest workforce in the world by 2050 (bigger than China or India) 796 million Africans out of the project 2,5 billion.
➡️ Africa’s Green Economy COULD generate 100 billion USD by 2050. Given it has the majority of commodities needed in manufacturing electric vehicles and renewable energy 93% of platinum, 50% cobalt and manganese, 33% aluminum, 11% copper and lithium.
➡️ 345 Private companies in Africa have a revenue bigger than 1 billion USD
All together they produce a revenue of 1 Trillion USD.
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➡️ 130 million African will join consuming class by 2030 which increases B2C market (India is expected to add 140 million - China 6 million - USA 25 million - Europe will shrink 5 million) Consumer Market by 2030 will be between 2.2 Trillion and 3 Trillion US.
Source: LinkedIn