A new study by Bridgewater Associates, Global Citizen, and Harith General Partners reveals that Sub-Saharan Africa is poised to account for 25% of the global workforce in the coming decades. The report highlights the region’s demographic transformation, with its share of the global working-age population expected to rise from 10% to 25%.
The report emphasizes that while the region could become a global economic engine, risks of stagnation remain. It stresses the need for tailored policies and investments, focusing on infrastructure and human capital, to address local challenges and unlock economic growth.
Private investment and multilateral development banks are crucial in closing the financing gap, and an Economic Development Assembly is set for October in Abidjan, Côte d’Ivoire, to mobilize global support for these efforts.
