4 reasons why Africa will remain the world’s 2nd fastest growing region

Africa’s overall growth has slowed, but new research shows long-term fundamentals are strong and there are big business opportunities ahead.

The IMF projects that Africa will be the world’s second-fastest-growing region in the period to 2020.

It describes the following four fundamentals that are likely to underpin Africa’s economic growth:

  • Africa’s rate of urbanisation is the fastest in the world.

  • Africa will by 2034 have the largest working-age population in the world.

  • Africa has the largest reserves of key natural resources and 60% of the planet’s unutilised cropland.

  • Africa will leapfrog old technologies.

The Money Show’s Bruce Whitfield interviewed McKinsey’s Musta Chironga.

Scroll down for quotes from the audio below.

Oil exporters and the Arab Spring countries have reduced growth rates. The rest have retained growth rates of 4.5%.

Musta Chironga

Click here (then“like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter

Article brought to us by Old Mutual.

Read More
 ‘Government fails to fill 150 000 vacant public sector jobs’

‘Government fails to fill 150 000 vacant public sector jobs’

The Money Show’s Bruce Whitfield interviews labour analyst Terry Bell.

 ‘Mining Charter is populism on steroids'

‘Mining Charter is populism on steroids'

The Money Show’s Bruce Whitfield interviews Chamber of Mines CEO Roger Baxter.

Michael Mol (SA’s hunkiest, most well-known doctor) bares his soul about money

Michael Mol (SA’s hunkiest, most well-known doctor) bares his soul about money

The Money Show’s Bruce Whitfield interviews Mol about his money beliefs, hopes and fears, successes and failures.

How South Africa’s once-weak trade union movement became powerful

How South Africa’s once-weak trade union movement became powerful

Johnny Copelyn discusses his book entitled “Maverick Insider: A Struggle for Union Independence in a Time of National Liberation”.

3 best JSE investments in these recessionary times (by Truffle Asset Management)

3 best JSE investments in these recessionary times (by Truffle Asset Management)

The Money Show’s Bruce Whitfield interviews Truffle Asset Management Portfolio Manager Jonathan Du Toit.

‘South Africa remains Africa’s top investment destination’ - RMB

‘South Africa remains Africa’s top investment destination’ - RMB

"SA remains a bastion of institutional integrity and continues to boast one of the best operating environments in Africa..."

Popular articles
Students not coping with current curriculum, innovation is needed

Students not coping with current curriculum, innovation is needed

Curriculum expert, Bronwen Willson-Thompson, says the majority of students are not coping with the existing curriculum.

Exciting times for cricket fans with the announcement of the T20 Global League

Exciting times for cricket fans with the announcement of the T20 Global League

Cricket South Africa (CSA) launched its new T20 Global League on Monday in London.

Popping the big question soon? Here's how you can plan your perfect proposal

Popping the big question soon? Here's how you can plan your perfect proposal

Pippa Lund and her team are here to ensure your planned marriage proposal is nothing short of amazing.

Are you having panic attacks? Here's what you need to know

Are you having panic attacks? Here's what you need to know

Behavioural psychologist Dr Helgo Schomer explains the symptoms, treatments and tips for people who suffer panic attacks.

Insurance companies could hit you hard for an accident you didn't cause

Insurance companies could hit you hard for an accident you didn't cause

Legal advisor at RBS explains insurance companies 80/20 rule that holds motorists equally liable for accidents caused.

Don't be rude: 5 ways to practice cell phone etiquette

Don't be rude: 5 ways to practice cell phone etiquette

It's important to confront friends and family if they seem distracted by their phones, says Afro Protocol founder Courtenay Carey.

Home Affairs to follow up on special dispensation permit for Zimbabweans in SA

Home Affairs to follow up on special dispensation permit for Zimbabweans in SA

Home Affairs Minister Hlengiwe Mkhize says her department will respond to all Zimbabweans under special dispensation.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...