Poised to have worlds largest workforce

By 2035, Africa’s labour force will be bigger than that of any individual country in the world, which offers the continent a chance to reap a demographic dividend, using its young and growing workers to boost economic growth. As Africa’s workforce grows, the number of children and retired people that each worker supports will fall to be on par with the US and Europe in 2035. With fewer dependents to support, African households will begin to enjoy even greater discretionary spending power, further driving growth.

 

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