Emerging middle classThe African Development Bank (AfDB) suggests economic growth in Africa is tightly linked to an emerging young and technologically savvy middle class. As highlighted in our megatrends analysis, 350 million Africans belong to the fastest-growing middle class in the world. Rapid urbanisationDue to rapid urbanisation, there will be 12 megacities (over 10 million people) in Africa by 2025. Climate changeWith rapid urbanisation, energy, food and water supplies will soon become central concerns – and those will be exacerbated by climate change. ConclusionSome megatrends (demographic explosion, growth of the middle class, rapid urbanisation and the technological revolution) are favourable to development.
Source: The North Africa Journal May 12, 2017 18:33 UTC