Tuesday, October 21, 2025

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Why Black Americans Should Do
Business With Africa

Africa presents some of the most compelling business and trade opportunities of the 21st century, especially for Black entrepreneurs, investors, and persons from the Caribbean seeking to reconnect with and benefit from the continent's rapid economic transformation. The statistics below reveal why Africa is emerging as the next global growth hub across multiple sectors.

Demographic Power and Workforce Expansion

Africa’s population is estimated at 1.46 billion in 2025, with a median age of only 19.3 years. The World Bank projects that the working-age population will grow by over 620 million by 2050, accounting for three-quarters of new labor force additions in all emerging markets.

This youth-driven demographic shift ensures a growing consumer base for housing, automobiles, electronics, food, education, and more. Approximately 45% of Africans live in cities, and urbanization continues to accelerate, fueling demand for infrastructure, logistics, and retail.​

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Economic Growth and Market Potential

According to the African Development Bank (AfDB), Africa’s economy will grow from 3.3% in 2024 to 3.9% in 2025, reaching 4% by 2026, surpassing most global regions. Twenty-one countries are expected to grow by over 5% in 2025, with Ethiopia, Niger, Rwanda, and Senegal approaching 7%, a level associated with transformative, inclusive growth. Sub-Saharan Africa’s growth will average 3.8% in 2025 and 4.4% by 2027, outpacing both Europe (0.7%) and the U.S. (1.4%).​

The AfDB also highlights that Africa could mobilize an additional $1.43 trillion in domestic resources through better management of tax, business, and financial capital. This capital could accelerate continent-wide transformation, with the African Continental Free Trade Area (AfCFTA) projected to boost exports by $560 billion and income by $450 billion by 2035.​


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Posted by community events coordinator, Nzinga Lonstein Austin, is a prolific blogger who writes on the entertainment industry and issues for people with developmental and physical challenges.

She is presently in high school looking to have a career in video, film, and media. You can see more of her entertainment writing on Lonstein Movies.


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