Page 11

AFRICA MACRO territories; Saint Helena (UK), Ascension (UK), Tristan da Cunha (UK), Melilla (Spain), Plazas de Soberana (Spain), Canary Islands (Spain), Ceuta (Spain), Madeira (Portugal), Mayotte (France) and Reunion (France). Sudan was previously the largest country until South Sudan voted to secede and become the newest independent state on July 9, 2011. The largest country now is Algeria, which is modestly larger than the Democratic Republic of the Congo. Both are slightly less than one-fourth the size of the United States. The smallest country is Seychelles. It is two and a half times the size of Washington DC. Africa is resource rich and is one of the world’s major sources of industrial and other minerals such as gold, diamonds, uranium, iron ore, manganese, palladium, phosphates, timber, titanium, chromium, platinum, coal, chromium, copper, nickel, cobalt and coltan. The African continent contains 16.8% of the world’s forests. The Congo basin is the second largest tropical rainforest after the Amazon. About 21.1% of the land area is suitable for cultivation, while deserts cover 42.7% of the land area. The Sahara desert, which accounts for 30.4% of the continent, is the largest desert in the world. Only 2.3% of the land area is devoted to permanent crops. Among the crops grown are apples, bananas, beans, cassava, cocoa (70% of the world’s cocoa supply comes from West Africa), coconuts, coffee, corn, cotton, dates, egg plant, figs, groundnuts, lentils, millet, okra, palm nuts, onions, oranges, pineapples, potatoes, rice, sorghum, sweet potatoes, sugar cane, tamarind, tea and yams.

Source: FAOSTAT

Demographics The population of Africa is 1.052 billion and it now accounts for 15.1% of the world’s population. The most populous country is Nigeria with a population of 165.8 million. This represents 15.8% of the population of the continent and 2.4% of the world’s population. Ethiopia is second with a population of 90.9 million and Egypt is third with a population of 82.1 million. Seychelles is the smallest country by population with just 89,188 inhabitants. The population density for Africa is 35.5 people per square km and 40% of the population lives in urban areas. The three largest cities are Kinshasa with a population of Joab’s Technologies and Research, Natu Court Flat B.

ANALYSIS AND STRATEGY

9.070 mm, Lagos with 7.938mm and Cairo with 6.759mm. Africa is a young and rapidly growing continent. The median age is 19.3 years, which is the lowest of any world region. Half of the population in Uganda is under 15. By comparison, industrial countries are aging. The median age in the U.S. is 37.0 years, with 20.0% of the population under 15. In Japan, the median age is 45.0 years and 13.6% of the population is under 15. The aging population in the rich countries of the Organization for Economic Cooperation and Development (OECD) raises issues about health care, pensions and dependency ratios, in contrast to Africa.

Most Populous Nations in Africa Country Population Nigeria 165,822,569 Ethiopia 90,873,739 Egypt 82,079,636 DR of Congo 71.712,867 South Africa 49,004,031 North/South Sudan 45,047,502 Tanzania 42,746,620 Kenya 41,943,504 Algeria 34,994,937 Uganda 34,612,250 The 2008 Census indicated that the population of South Sudan was 8,260,490. The government of South Sudan disputes this tally believing it is an undercount. SOURCE: US Census Bureau – 2011 data Much of Africa has not yet completed what demographers call a “demographic transition” to low birth and death rates. The population growth rate is the highest in the world at 2.34%. This translates to a birth rate of 34.9 per 1,000 people and a death rate of 10.8 per 1,000 people. Niger has the highest birth rate at 50.5 per 1,000 people, followed by Uganda at 47.0 per 1,000 people. This compares to 13.7 per 1,000 people in the U.S. and 8.5 per 1,000 people in Japan. The population pyramid indicates that 51.4% of the population is 19 and under, 24.9% is 25-44, 2.9% is 65-79 and just 0.4% is 80 and over. There are a multitude of languages spoken in Africa. The official languages however tend to be those of the former colonial powers. Arabic is widely spoken in North Africa. French dominates in West and Central Africa, except for Gambia, Ghana, Liberia, Nigeria and Sierra Leone where English is spoken. French is also widely used in Algeria, Tunisia, and Morocco. English dominates in Eastern and Southern Africa and Portuguese is spoken in Angola, Cape Verde, Mozambique and Sao Tome and Principe. Equatorial Guinea is the only country in Africa where Spanish is an official language.

Page 11 of 104

Equity Research in Africa, Like an Electric Train Africa is picking up, a True Emerging Market  

Economic analysis of Africa as a whole, as well as of particular countries and sectors, with special regard to their potential as investment...

Equity Research in Africa, Like an Electric Train Africa is picking up, a True Emerging Market  

Economic analysis of Africa as a whole, as well as of particular countries and sectors, with special regard to their potential as investment...

Advertisement