Africa’s population explosion: A double-edged sword for growth and risks --[Reported by Umva mag]

• Africa’s urban population will hit almost one billion in 2035.
• This growth poses both threats and opportunities for the continent.
• Population growth will grow more dynamic and wealthier consumer markets.

The current pace of Africa’s population explosion is a double-edged sword, posing threats and opportunities for the continent and the world. For policymakers on the continent, the biggest question remains: What does the future hold for Africa’s megacities?

According to the latest reports, the continent is expected to record one of the fastest population growth rates worldwide. Insight from the Economist Intelligence Unit’s African Cities 2035 report says, “African cities will record rapid urbanization in the next decade, creating a mixed bag of socio-economic opportunities and challenges for the continent.”

“Africa has and will continue to have the fastest rate of urbanization of the world’s major regions through 2035. Africa’s urban population will rise from about 650 million in 2023 …

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