* Bigger in size than China, India, Europe and the UNited States combined, Africa has 1 billion inhabitants, speaking more than 2,100 languages and spanning 54 counries.
* Africa’s population hit the 1 billion mark in 2010, with annual growth rates at 2.0 percent and 1.6 percent in Northern and Southern Africa, respectively; 2.5 percent and 2.7 percent in Western and Middle Africa, respectively; and the African average at about 2.4 per cent.
* Africans are expected to number 2 billion by 2050.
* Africa has the second highest population after Asia.
* Africa accounts for 14 percent of the world’s population.
* There are more than 200 million youth in Africa, comprising more than 20 percent of the continent’s population.
* Close to 70 percent of Africa's population is aged below 25, making it the youngest continent in the world. For example, in Kenya, young people are close to 75 percent of the population.
* Uganda has the youngest population in the world, with a fertility rate of 6.2 children.
* By 2040 Africa is set to have 1 in 5 of the planet’s young people.
* Rates of urbanization in Africa are the highest in the world. By 2020, 66 percent of the continent’s population are expected to live in cities and be of working age.
* 52 out of the 54 countries in Africa have more than 1 million people each.
* Poverty levels of Africa’s population are expected to decline to 20 percent by 2020, from around 43 percent in 1995.
* Africa presents the highest proportion of illiterate youth in the world, estimated at about 25 percent, according to the African Development Bank's 2013 Economic Outlook. Estimates suggest that about 133 million young people, accounting for over 50 percent of the youth population in Africa, lack formal education.
* About five million graduates are produced annually by African universities.
* There is one doctor for every 2,000 people in Africa.
* Today's African Diaspora consists of approximately 30 million adults.
* Kenya has become a global leader in mobile banking. Safaricom’s M-Pesa service redefined retail banking by making mobile phones all-in-one credit cards, ATMs, money transfer offices, and branches.
* Africa has 29 stock exchanges.
* 80 percent of sub-Saharan Africa’s adult population are unbanked.
* Bain & Company released a report in 2011 projecting double digit growth in Africa’s financial services sector is projected to see double digit growth by 2020.
* Africa’s retail banking sector is projected to grow 40 percent by 2020 from 2011.
* Diaspora remittances exceed foreign aid for the entire continent by 50 percent.
* Diaspora remittances rival foreign direct investment in many African countries. For example, Kenyans abroad now send home more than $1 billion a year, Nigerians $10 billion.
* Africa’s growth rate is expected to average 7 percent annually for the next 20 years.
* Key sectors driving growth are telecommunications, banking, retail, construction, agriculture and resources.
* Africa’s collective GDP is expected to rise to $2.6 trillion by 2020.
* 80 percent of Africa’s combined GDP currently emanates from Algeria, Angola, Cameroon, Egypt, Ethiopia, Kenya, Libya, Morocco, Nigeria, Senegal, South Africa, Sudan, Tanzania, Tunisia and Zimbabwe.
* Dakar (Senegal), Ibadan (Nigeria), Kano (Nigeria) and Rabat (Morocco) will develop markets more than $10 billion by 2020.
* Since 2003, GDP across Sub-Saharan Africa’s 48 countries has risen an average of 5 percent to 7 percent per year.
* In 2012, five African countries outgrew China; 21 outgrew India
* Africa had six of 10 of the world’s fastest-growing economies in the decade to 2010.
* Sub-Saharan Africa is expected to grow at a faster clip than Brazil and India and claim seven of the world’s 10 fastest growing economies by 2015.
* In the past decade, two-thirds of Africa’s GDP growth came from non-commodity sectors, including wholesale and retail, transportation, telecommunications, and manufacturing.
* Among the five sub-regions, West and East Africa are expected to be the fastest growing at 6.6 percent and 6.0 percent, respectively, in 2013.
* Central Africa is forecast to sustain moderate growth of 4.7 per cent in 2013 and 4.4 per cent in 2014, with strong commodity production and export demand.
* Growth in North Africa (including Libya) is expected to remain strong at 4.2 per cent in 2013 and pick up to 4.6 per cent in 2014 as the political environment normalizes and economic activity gains momentum.
* Southern Africa is projected to grow at 4.0 per cent in 2013 and 4.3 per cent in 2014. The economy of South Africa is forecast to grow at 3.1 per cent, reflecting a stabilizing international environment and manufacturing.
* Growth prospects for oil-exporting countries will remain robust at 5.1 percent from sustained strong demand for oil and high prices. Non-oil activities will contribute strongly to the economic outturn in several countries.
* Sub-Saharan Africa’s 2008 GDP of $1.6 trillion equaled that of Brazil and Russia.
* Between 2000 and 2011, Equatorial Guinea was the world’s fastest-growing economy, with output growth averaging 17 percent.
* Africa’s new consumer class is driving economic growth and diversification away from commodities. According to McKinsey, four sectors will produce $2.5 trillion in annual revenue over the eight years beginning 2010: consumer ($520 billion); agriculture ($220 billion); infrastructure ($130 billion); commodities ($110 billion).
* Ghana, Kenya, Mozambique, Nigeria and Tanzania, are among the world’s top 10 fastest growing economies, based on 2011-2015 estimates by The Economist.
FASTEST GROWING ECONOMIES IN 2012 (Percent change over 2011)
* Sierra Leone 20.0
* Niger, 11.0
* Cote d’Ivoire, 8.2
* Angola, 8.1
* Ethiopia, 7.8
* Rwanda, 7.7
* Ghana, 7.5
* Eritrea, 7.5
* Zambia, 6.7
Compare China, 7.8 percent; India, 4.1 percent; Brazil, 0.9 percent
* Spending by African consumers is projected to rival that of Russia and India, with Sub-Saharan Africa's consumers generating up to $1.4 trillion by 2020. equivalent to annual average spending of $520 billion.
* Consumer spending in Sub Saharan Africa grew at a compound average rate of 4 percent in the decade 2000 to 2010.
* 856 million Sub Saharan Africa consumers spent an estimated $600 billion in 2010.
* By 2020, 128 million households will have discretionary income, up 50 percent from 2010.
* Top consumer markets by 2020 will be food and beverages, housing, non-food consumer goods, health care, telecommunications, banking and education.
* By 2020 the largest consumer markets will be Alexandria (Egypt), Cairo (Egypt), Cape Town (South Africa), Johannesburg (South Africa) and Lagos (Nigeria).
* By 2030, the top 18 cities are projected to have $1.3 trillion combined spending power.
* Bob McDonald, CEO of U.S. consumer-goods giant Procter & Gamble, describes Africa as the company’s “next frontier.”
* Currently, only eight percent of Africans earn $10,000 or more a year, with 82 percent earning less than $3,600.
* 1.1 billion Africans will be of working age by 2020.
* Africa’s labor force is projected to rise by 122 million between 2010 and 2020, creating a continent-wide labor force of 500 million by the end of the decade.
* Africa’s labor force has been growing strongly, expanding by 91 million over the past decade, yet only 37 million of the new entrants were employed in wage-paying jobs, according to the McKinsey Global Institute.
* 25 million young people will enter Africa’s labor force each year by 2025.
* The youth population currently constitutes about 37 percent of the total labor force.
* Young people make up about 60 percent of total unemployment in Africa.
* The majority of unemployed people in Africa are aged 15-24.
* The informal sector of the economy accounts for about 90 percent of the jobs created on the Continent.
* Africa loses more through illicit outflows, which include trade mispricing (false invoicing) and unrecorded private financial outflows, than it gets in aid and foreign direct investment. Between 2008 and 2010, illicit outflows averaged US$63.4 million annually. Aid from OECD and DAC member countries plus foreign direct investment totaled $62.2 billion in the same period.
* At 11 percent to 12 percent in 2012, the rate of return on foreign direct investment in Africa has exceeded that of other developing countries since 2006.
* External financial flows into Africa hit a record in 2012 and are expected to top $200 billion in 2013.
* Over the last two years Walmart completed a $2.4 billion acquisition of South African retailer Massmart
* IBM announced a $1.5 billion investment in African-focused technology company Bharti Airtel.
* IBM in 2012 opened its first African research lab in Nairobi, Kenya. IBM Research - Africa is IBM’s 12th global laboratory and the first science and technology research lab on the continent conducting both applied and far-reaching exploratory research.
* U.S. private-equity giant the Carlyle Group launched a sub-Saharan Africa investment practice.
* Apple is expanding shops for iPhone sales across the continent to meet demand of a mobile market predicted to reach more than a billion users by 2020.
* Rwanda ranks eighth in the world in the “Starting a Business” category of the global “Ease of Doing Business” index.
* Numbering some 30 million adults, the African Diaspora sends about US$ 40 billion annually to families and local communities back home.
* Remittances to Africa as a whole represent 50 percent more than net official development assistance (ODA) from all sources. For most countries, the amount also exceeds foreign direct investment (FDI).
* In several fragile states, remittances are estimated to exceed 50 percent of GDP.
* Most remittances are used for daily necessities, but up to 20 percent to 25 percent are available for other than immediate consumption.
* Payment of remittances typically is restricted to banks, whose exclusive agreements with large money transfer companies like Western Union and Money Gram limit competition and access for consumers. Mexico has as many pay-out locations as the entire continent of Africa, which has ten times the population.
* If African countries were to catch up with Korea in infrastructure, economic growth in the region could increase by 2.6 percentage points per year.
* Africans spend more than 30 percent of their time and income only on their daily commutes.
* The 40 countries of sub-Saharan Africa together generate roughly the same amount of power as Spain.
* In 2012, Deloitte declared Africa “at the start of a 20- to 30-year infrastructure development boom.”
* McKinsey projects the continent will spend $130 billion annually on infrastructure between 2012 and 2020.
* Six countries alone – Ghana, Kenya, Mozambique, Nigeria, South Africa, Tanzania – will require $100 billion to $120 billion of annual capital investment between 2010 and 2016.
* At the 15th Summit of the African Union Summit, held in Kampala, Uganda, in July 2010, heads of state endorsed the multi-billion dollar Program for Infrastructure Development in Africa (PIDA), a joint initiative of The African Union (AU), The African Development Bank, and New Partnership for African Development.
* Africa’s infrastructure grid—roads, bridges, power—represents a $1 trillion investment prospect over the next 10-11 years, according to the International Finance Corp.
* Road access rate is only 34 percent, compared with 50 percent in other parts of the developing world, and subsequently, transport costs are higher by up to 100 percent.
* Around $45 billion a year is already being spent on infrastructure, about half of the $93 billion needed annually to meet Africa’s growth and development goals.”
* IBM’s global Computer Pain Survey of 15 cities ranks Nairobi as the fourth most congested in the world.
* Aviation in Africa supports 6.7 million jobs and $67.8 billion in in economic activity, according to IATA.
* The total number of accidents for African airlines dropped from 18 in 2010 to 8 in 2011.
* The entire installed power generation capacity of Africa’s 48 Sub-Saharan countries is 68 gigawatts, no more than Spain’s. As much as one-quarter of that is unavailable because of aging plants and poor maintenance, according to the African Development Bank.
* Per capita consumption of electricity in Sub-Saharan Africa, excluding South Africa, averages 124 kilowatts a year, barely 1 percent of consumption in high-income countries.
* Just one person in five has access to electricity in Sub-Saharan Africa.
* If current trends continue, fewer than 40 percent of African countries will reach universal access to electricity by 2050.
* Power outages account for losses in sales and equipment damage amounting to 6 percent of revenues on average in formal sector enterprises, and as much as 16 percent in informal sector enterprises.
* The economic cost of power shortages can amount to 2 percent of GDP, according tothe African Development Bank
* Africa has 60 percent of the world’s uncultivated arable land.
* Africa is currently the world’s leading importer and consumer of rice.
* Agriculture and agribusiness together are projected to be a US$1 trillion industry in Sub-Saharan Africa by 2030 (compared to $ 313 billion in 2010).
* Agricultural production and agribusiness together constitute an average of around 45 percent of the economy of Sub-Saharan Africa.
* Urban food markets are set to increase fourfold to exceed US$ 400 billion by 2030, requiring major agribusiness investments in processing, logistics, market infrastructure, and retail networks.
* Rice is Africa’s largest and fastest-growing import, valued at US$ 3.5 billion in 2009 or nearly half of total consumption.
* In West Africa, 75 percent of agriculture-related firms are micro or small enterprises, 20 percent are semi-industrial, and 5 percent are industrial. Employees are typically family members, and 50 percent to 90 percent are women.
* Assuming that the 6 percent growth target set by the New Partnership for Africa’s Development is met to 2030, and marginal expenditures on food are at 0.5 (down from about 0.6 currently), total food and beverage markets in Sub-Saharan Africa will reach $1,000 billion by 2030, up from $313 billion currently.
* At around $1 billion, the total intraregional trade in food staples is a tiny fraction of Africa’s $25 billion food import bill.
* Africa has the potential to supply some 60 percent of the world's food needs.
* There are more than 80 million smallholder farmers on the continent.
* African agriculture is made up of 80 percent smallholder farmers who are slowly organizing themselves into clusters of up to 100 farms to achieve economies of scale.
* Africa has the fastest growing telecoms market in the world, with 316 million subscribers in only 10 years.
* Sub-Saharan Africa has one of the world's highest mobile phone usage rates.
* In Africa, the proportion of web-browsing using mobile technology relative to fixed lines is the highest in the world.
* 56 percent of all Africans – more than 600 million people – are expected to own a mobile phone by 2014.
* Mobile innovation in Africa has fostered a new generation of technology entrepreneurs. Kenya now hosts *iHub, a digital and physical open source center providing community resources to tech entrepreneurs to develop ideas and connect to investors.
* Silicon Valley venture capital funds are eyeing African investment opportunities in what is now being called Silicon Savannah.
* The African IT market is expected to grow from $8.5 billion to $12.5 billion by 2015.
* In Nigeria, the number of payments made by mobile phone more than doubled to 2.4 million in teh first half of 2012 from the same period a year earlier, while Inernet payments rose 9.3 percent, according to the country's central bank.
* Africa is estimated to host 30 percent of the world’s mineral reserves, and an even higher proportion of deposits of gold, platinum, diamonds and manganese.
* Africa has 10 percent of the world’s reserves of oil; 40 percent of the world’s gold; 80 percent to 90 percent of the world’s chromium and platinum.
* Production of oil, gas and most minerals in Africa is set to continue to grow at 2 percent to 4 percent per year.
* South Africa produces three-quarters of the world’s platinum, 40 percent of chromium and more than 15 percent of gold and manganese.
* Guinea accounts for 8 percent of world bauxite production.
* The Democratic Republic of the Congo accounted in 2010 for half of production the world’s cobalt, one quarter of industrial diamonds, 14 percent of tantalum, and 3 percent of copper and tin.
* Zambia is estimated to rank sixth in the world in the production of copper ore and fifth in the production of cobalt ore.
* Botswana accounts for around 20 percent of diamond exports.
* Africa’s gold producers – mainly Burkina Faso, Ghana, Guinea, Mali and Tanzania – together account for 9 percent of gold production, double the share in 2000.
* Sierra Leone is the 10th-ranked producer of diamonds by volume and the third-ranked producer of rutile, a heavy mineral used in paints, ceramics and plastics.
* Namibia and Niger are respectively the fourth-and fifth-ranked producers of uranium, together accounting for about 17 percent of world output.
* Guinea has some of the world’s highest-grade iron ore reserves.
* BHP Billiton, the world’s largest mining company, also holds four licenses for iron ore exploration in Liberia.
* Proven oil reserves in Africa increased by 15 million barrels between 2010 and 2011.
* An acre in a prime zone in Accra can cost up to US$2 million.
* The mortgage market is underdeveloped or non-existent in the majority of the continent. The mortgage to GDP ratio for Ghana remains under 1 percent, compared to 32 percent for South Africa (SARB, 2011) and 19.6 percent for Namibia (Bank of Namibia 2011).
* Challenges of accessing funding for property developments in many parts of sub-Saharan Africa. Although some developments in South Africa are funded with up to 100 percent debt, in the rest of the continent developers often need to put down around 50 percent in cash.
* In the first quarter of 2012, the value of prime property in the world’s key cities fell by 0.4 percent, while that in Nairobi rose by 24 percent making it, globally, the strongest performer.
CHINA IN AFRICA
* China's investment in Africa has increased a staggering 30-fold since 2005.
* 2,000 Chinese firms are now present in 50 African countries.
* Brookings Institute estimates China has 155 commercial attaches in Africa, roughly three per country.
* In 2009, China surpassed the Unites States as Africa’s largest trading partner.
* China’s two-way trade with Africa valued $152 billion in 2012, down from $166 billion in 2011, compared to $73 billion and $126 billion, respectively, in U.S.-Africa two-way trade.
* From 2000 to 2010, China’s Export Import Bank cumulative financing authorizations for Africa totaled $67.2 billion, against $7.3 billion for the U.S. Export Import Bank in the same period.
* China Exim Bank estimated that 85 percent of the 800 or so Chinese companies operating in Africa in 2006 were privately owned small and medium-size enterprises.
* Interest rates on China Exim Bank loans to Africa range from 1 percent to 6 percent, with repayment periods of 5 years to 25 years and a grace period of 2 to 10 years.
* Angola has been one of the four biggest recipients of Chinese financing for infrastructure projects. It supplies 51 percent of China’s oil imports from Sub Saharan Africa.
* In 2004, China extended a $2 billion credit line to Angola for infrastructure development. As repayment, Angola agreed to supply China 10,000 barrels of crude oil a day. This arrangement, which gave birth to the term “Angola model,” broadly describes China’s relationship with much of Africa.
* Equipment and machinery are China’s largest and fastest growing sectors in trading with Africa.
* China’s infrastructure investments in Africa totaled $35 billion from 2001 to 2010.
* China’s infrastructure financing in Sub-Saharan Africa has exceeded that of the World Bank since 2005.
* China has invested $23 billion on oil refineries in Nigeria with a view toward access to oil reserves.
* China has invested $6 billion in the Democratic Republic of Congo for mines, roads, rails, hospitals and schools infrastructure.
* 20 African companies have achieved revenues of at least $3 billion.
* An estimated 95 percent of businesses in Africa are MSMEs (micro, small and medium-size enterprises).
* SMEs (small and medium-size enterprises) are responsible for roughly 40 percent of GDP and 50 percent of jobs on the continent.
* For SMEs that lackthe credi thistory or required collateral to access traditional forms financing, lease financing for equipment and capital goods is an important alternative. With the exception of Egypt, Morocco, Nigeria, South Africa and Tunisia, the leasing market is in its nascent stages, with penetration tates ranging from 1 percent to 5 percent, against a global average of 20 percent.