Africa is the continent with the youngest and fastest growing population in the world.

The population is expected to double to 2.5 billion by 2050. However, in the period 2010-2019. GDP indicators in the region fell by 35%. McKinsey experts analyzed the economic development opportunities in the region.

• According to 2019 data, 39% of the African population is employed in the service sector, which provides 56% of the total regional GDP. For a balanced development of the region, it is necessary to increase the productivity of the industrial and agricultural sectors.
• 49% of the population of the African continent is involved in agriculture. Increasing the yield and value of products is a necessary condition for the industry to comply with generally recognized international standards. The development of skills, the digitalization of the industry will create additional incentives for the development of agriculture.
• Only 10% of total African imports and 17% of exports are within the region. The improvement of logistics and the development of transport infrastructure will help strengthen intra-regional ties.