There are close to 8 billion people in the world today. Africa holds about 1.3 billion people and 41% of this population is under 15 years. Africa also holds some of the most populous countries in the world including Nigeria, Ethiopia, Egypt, Democratic Republic of Congo and South Africa. More importantly, while the population in other populous countries like China and India are shrinking and plateauing, populous countries in Africa continue to experience significant population growth averaging over 2% per annum. For example Nigeria is projected to reach a population of about 1 billion people by 2100, increasing exponentially by a factor of 8 in just two or three generations.
Due to high fertility and declining child mortality rates, Africa is expected to contribute 60% of total world population growth by the year 2050 with its total population doubling by the said date.
Africa is expected to contribute
60% of total world population growth
by the year 2050
of Africa's population
is under the age of 25
Currently, 60% of Africa’s population is under the age of 25 and while the continent's natural resources are vital, the creativity and innovation of its youthful population would play a key role in the continent's economic transformation.
16 million young Africans are facing unemployment. On average, 11 million young people join the African labour market each year, yet the continent generates only 3.7 million jobs annually. For many youths, the informal sector is the default rather than the exception. In Sub-Saharan Africa, informal employment as a percentage of total employment is 89% and as a result, many youths lack access to social safety nets or any form of workers’ rights.