Based
on projections from the United Nations, Africa's population is expected to
double by the year 2050. Currently, Africa's population is about 1.2 billion
and is set to hit 2.4 billion in the next 30 years. At around the year 2100, it
is expected to hit about 4.3 billion. What this implies is that by that time,
about 33 percent of the world will be residing in Africa. This indicates
clearly that Africa is on a pace to catch up with Asia by the end of the
century.
One of the biggest challenges Africa is facing today is
lack of jobs. By the time Africa hits 2.4 billion around year 2050, Africa will
need about 800 million jobs to sustain its youthful population because
according to the African Development Bank, over one-third of Africa's
population will be youths.
Africa needs a private-sector led growth to drive economic
transformations. We should not wait for the West to give us aids or for them to
invest, instead Africa should engage with other emerging markets like the
Middle East.
Globe Chamber of Commerce and Industry will be organizing
Middle East-Africa Economic and Investment Forum 2021, taking place in Doha, Qatar from the 6th to 12th of October 2021. This forum will be a catalyst
for a cross border trade and Investment flow linking the Middle East with
Africa and this can enrich both sides.
Middle East-Africa Economic and Investment Forum will be a
networking point for the Middle Eastern and African Investors as Globe Chamber
of Commerce and Industry is proposing that the best way to reposition Africa
for the future is by engaging with emerging markets.
Speaking to news men over the weekend, The President of
Globe Chamber of Commerce and Industry, Hon. Buchi George, said strategic
partnership with the Middle East is one of the keys to global development at
the moment.
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