AFRICA BUSINESS OPPORTUNITIES

Mr. Artiles in Kinshasa,  D.R. Congo during a timber/log inspection

 

PREDICTIONS IN AFRICA

Sub-Saharan Africa, home to more than 1 billion people, half of whom will be under 25 years old by 2050, is a diverse continent offering human and natural resources that have the potential to yield inclusive growth and eradicate poverty in the region, enabling Africans across the continent to live healthier and more prosperous lives. With the world’s largest free trade area and a 1.2 billion-person market, the continent is creating an entirely new development path, harnessing the potential of its resources and people.

The GSMA set out how it expects the Sub-Saharan mobile ecosystem to evolve.
  1. By 2025 mobile broadband will account for 87 percent of mobile connections. The current figure for these services is 38 percent.
  2. 3G will account for 60 percent of all mobile connections by 2025.
  3. Nearly 300 million new subscribers are expected to access the mobile internet in the next seven years.
  4. Active SIM connections are predicted to hit one billion in 2025, up from 747 million today.
  5. Subscriber numbers are expected to account for half the population in 2023, rising to 52 percent in 2025.
  6. By 2025 it’s anticipated that 634 million people in the region will be mobile subscribers, up from 44 percent and 444 million people in 2017.
  7. After witnessing aggressive subscriber growth in recent years, the adoption curve will slow to “half the level recorded over the preceding five years”, the report notes.
  8. However, at a CAGR of 4.8 percent for the period 2017-2022, the regional subscribe base will still be “more than double the global growth rate over the same period”.
  9. It’s expected that there will be 690 million active smartphones in Sub-Saharan Africa. That’s a growth of 440 million handsets in the next eight years.
  10. Sub-Saharan Africa will be the last region to see 5G services launch, the GSMA predicts. It expects the first commercial 5G services to be launched in the region by 2021, with 12 million 5G connections, or about 2.6 percent of the total connection base, in 2025.
2.- 265 e-commerce start ups operating across the continent and active at least in 23 countries.
3.- This will generate 3 million jobs by 2025, assumes a 25/50% annual revenue growth from Africa´s current online marketplaces.
4.- 37% of women in Sub-Saharan Africa have a bank account, compare with 48% of men.
5.- Africa total population: 1.3 billion, with a surface area of 30.3 million sq. Km. Africa is bigger than Europe, The US and China combined.
6.- By 2040 Africa will have 1.1 billion working age and is the fastest urbanizing continent in the world, with 300 million African now live in cities.The number of African cities with a population over 3 million is expected to more than double from 16 in 2012 to 34 in 2030 
7.- Africa has 600 million hectares of uncultivated arable land, 60% of the global total and yet Africa imports $ 40 billion of food annually and will reach over $110 million by 2025.