Africa has become the fastest urbanizing region of the world, with rural migrants moving into cities a clip that has even surpassed that of China and India, as the continent becomes one of the final frontiers of the forth industrial revolution. This rapid transition presents big challenges but also offers big rewards for countries willing to risk billions in an infrastructure building revolution unlike anything the world has seen before – and no country has answered Africa’s call quite like China.
By 2050, Africa’s 1.1 billion person population is slated to double, with 80% of this growth happening in cities, bringing the continent’s urban headcount up to more than 1.3 billion. The population of Lagos alone is growing by 77 people per hour. According to McKinsey, by 2025 more than 100 cities in Africa will contain over a million people.
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WNU Editor: China is determined to invest heavily in Africa, and to profit greatly from its growth. But many in Africa are starting to raise concerns that this is just a debt trap .... As China builds up Africa, some in Uganda warn of trouble (AP), and worries that their assets may eventually be seized .... Uganda Not Worried China Will Seize Assets Over Rising Debt (VOA). On a side note. Russia is trying to duplicate what the Chinese are doing in Africa .... Vladimir Putin is resetting Russia’s Africa agenda to counter the US and China (Quartz).
3 comments:
Africa is becoming more stable for growing food. Look into what they are buying up.
Africa is becoming more stable for growing food. Look into what they are buying up.
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