Africa is often portrayed in the media as a continent of poverty, conflict, and disease. While it is true that Africa faces many challenges, there are also many positive and inspiring facts that are often overlooked. Here are five facts about Africa that you probably didn't know, and how they benefit the continent.
Africa has the highest proportion of women entrepreneurs.
Africa is leading the world in terms of women's entrepreneurship. According to the World Bank, women make up 24% of the formal business sector in Africa, which is the highest proportion of any region in the world. This is good news for Africa because women entrepreneurs are known to invest more in their communities and to hire more women, which helps to close gender gaps in employment and entrepreneurship. Women's entrepreneurship also contributes to economic growth and development, which benefits everyone.
Morocco Is Africa's Leading Investor.
Morocco is investing heavily in Africa, with investments in more than 25 countries across the continent. This investment has helped to create jobs, stimulate economic growth, and support development in a wide range of sectors, including infrastructure, agriculture, and tourism. This is beneficial for Africa because investment is essential for economic growth and development. By investing in other African countries, Morocco is also helping to build stronger ties between African nations and promoting regional integration.
Africa is the world's second-largest continent, behind Asia.
Africa is a vast continent that covers an area of approximately 30 million square kilometers. It is home to more than 1.3 billion people, making it the second most populous continent after Asia. This is a good sign for Africa because its size and diversity provide a wide range of opportunities for economic development, innovation, and cultural exchange. Africa's natural resources, including oil, gas, and minerals, are also a significant driver of economic growth, and the continent has the potential to become a major player in the global economy.
Africa has the world's youngest population, with more than 60% of its population under the age of 25.
Africa's youth population is a significant asset for the continent. Young people are more likely to be innovative and entrepreneurial, and they can drive economic growth and development. This is beneficial for Africa because by investing in education, training, and job creation, African countries can harness the potential of their youth population and build a brighter future for the continent. By creating opportunities for young people, African countries can also reduce poverty, promote social inclusion, and prevent conflict.
Currently Nigeria has the largest economy in Africa.
Nigeria currently holds the title for having the largest economy in Africa. With a GDP of $506.6 billion, it continues to lead the pack, with South Africa coming in second at $399 billion. Despite other African nations making progress, Nigeria maintains its top position. Morocco and Egypt are the only superpowers on the continent, with the remaining 46 nations found in sub-Saharan Africa. While countries like Ethiopia are gaining momentum, with its GDP projected to reach $156.1 billion in 2023, Nigeria remains the largest economy on the continent.