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Africa increasingly urbanized-WB

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Staff writer

newsdesk@greatlakesvoice.com

Forty one percent of Africans live in cities according to the World Bank’s new Africa’s Pulse, a twice-yearly analysis of the issues shaping Africa’s economic prospects.

Africa’s Pulse also notes that with rapid population growth Africa is urbanizing rapidly, with deep implications for social and economic opportunities. No country has ever reached high income with low urbanization.

2033 Africa will be majority urban continent

Today, 41 percent of Africans live in cities, with an additional one percent every two years. By 2033, Africa – like the rest of the world – will be a majority urban continent. Urbanization and development go together.

Poverty rates on the continent have been falling faster than one percentage point a year and for the first time, between 2005 and 2008, the absolute number of people living on $1.25 a day fell. Child mortality has also been declining.

According to Africa’s pulse, Africa’s economy will be more strong and stable with imaging minerals that’s set to change more lives of African people thus boosting world economy.

This post has already been read 1665 times!

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