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Africa’s labour force poised to grow the most globally by 2020, more than India or China

Africa’s supply of labour, to support new investments in industries such as manufacturing and others, is growing. It is estimated that by 2020, Africa will achieve the highest labour force growth globally, gaining 122 million more workers. This growth will lead to an estimated total African labour force of 504 million by 2020, which will be higher than Latin America (316 million), Southeast Asia (331 million) and Europe (354 million). By 2035, Africa will have the world’s largest working-age population - larger than China or India.
Rising Foreign Direct Investment (FDI) into Africa is one key driver for labour demand. In 8 of Africa's top 11 announced FDI destinations, the manufacturing industry attracts the majority of investment and, based on current trends, manufacturing is set to create 8 million new jobs by 2020. Other popular focus industries for FDI in Africa include construction, real estate, information, utilities, finance and mining. In total, US$ 545 billion in FDI has gone into Africa between 1995 and 2012, much more than Russia (393), Brazil (391) or India (230).
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