African Press International (API)

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Africa: Growth is on the horizon but where should you look?

Posted by African Press International on August 21, 2014

African Press International (API)

  • By 2040, Africa will experience faster economic growth than any other region

CAPE-TOWN, South-Africa, August 14, 2014/African Press Organization (APO)/ CEOs around the world are increasingly recognising the untapped potential of sub-Saharan Africa. This is driven by Africa’s unparalleled demographic edge or demographic dividend. By 2040, Africa is expected to have the biggest labour force in the world and experiencing faster economic growth than any other region, according to a report issued by PwC (http://www.pwc.com).

The projections are contained in the latest PwC ‘Global Economy Watch’, which puts the spotlight on the largest cities in sub-Saharan Africa.

Most major corporations are already active in at least one of the four largest cities in sub-Saharan Africa – Lagos, Kinshasa, Nairobi and Johannesburg.

But PwC economists believe it’s the ‘Next 10′ biggest cities in sub-Saharan Africa that should also be exciting foreign investors. The population of these cities is…

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