With the correct investment and planning, we believe Africa can enjoy a bright future. Untapped opportunities await.
By the year 2025, it is estimated that the world’s population will increase by around 2.2 billion people and over half of this growth will be within Africa. In fact, within the next decade alone, the population of the continent is projected to have reached around 1.7bn and, worryingly, much of this growth will be within sub-Saharan Africa – the very countries that will find it most difficult to sustain such growth.
For the populations and businesses of those countries to be able to cope, major improvements are required across all industry sectors. In order to achieve a sustainable future for the world’s most vulnerable people, the United Nation developed a set of 17 Sustainable Development Goals to be achieved by the year 2030. Four of these goals can clearly be linked to infrastructure: Clean Water and Sanitation; Affordable and Clean Energy; Industry, Innovation and Infrastructure and Sustainable Cities and Communities. Another 6 are indirect derivatives of these goals: Poverty; Good Health and Wellbeing; Quality Education; Decent Work and Economic Growth; Reduced Inequalities and Responsible Production and Consumption. This underscores the challenges and importance of infrastructure provision on the African Continent.
However, this also means that there are plenty of untapped opportunities for investment. Africa accounts for over 16% of the world’s population and has a vast array of natural resources but, particularly in sub-Saharan Africa, the importing and exporting of goods and materials is difficult and expensive. With improved transport and communication networks, there is a vast amount of scope for growth in this area.
Africa has already been identified as one of the last frontier markets and much investment has already taken place. Africa is home to some of the fastest growing business organisation’s and economies in the world and we’ve already seen vast improvements in areas such as ICT and transportation networks. However, there is a long way to go and the infrastructure gap is still widening in many emerging economies, which means that it is vital for continued and sustained
investment in infrastructure today.
For the populations and businesses of those countries to be able to cope, major improvements are required across all industry sectors