The L.U.M.I. Brief

The L.U.M.I. Brief

WAKANDA ECONOMICS: Africa’s Dual Engine for Global Growth

Lumi Mustapha, Esq.'s avatar
Lumi Mustapha, Esq.
Feb 25, 2025
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For years, Africa has been discussed in broad strokes—an emerging market with vast untapped potential. Yet, this framing overlooks a deeper transformation. Africa is no longer just a destination for investment; it is also becoming an origin of globally competitive goods, services, and talent.

This dual shift—foreign capital flowing in, while African businesses increasingly look outward—signals a structural change in how the continent engages with the world. Those who recognize and align with this shift early will find themselves well-positioned in an evolving global economic order.

Demographic Expansion: Beyond Just Numbers

A common statistic often repeated in discussions about Africa is its projected population growth—from roughly 1.3 billion today to an estimated 2.5 billion by 2050. But what does this actually mean for business?

The raw numbers alone don’t tell the full story. The real transformation lies in where and how this population is expanding. The fastest growth is happening in…

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