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Tag: Sub-saharan Africa

  • Top 10 African Countries with the Largest Population in 2023

    Top 10 African Countries with the Largest Population in 2023

    The global population continues to grow, with over 140 million infants born each year. According to the United Nations’ 2022 World Population Prospects report, the world population is expected to reach 8.5 billion by 2030, 9.7 billion by 2050, and stabilize at 10.4 billion by 2080 until 2100.

    While the pace of population growth has been gradually slowing, it is still projected to continue until around 2100. Notably, the planet experienced a drop in population growth below 1% for the first time since 1950 in 2020. This decline in growth rate has been ongoing since the 1970s, calculated over five-year intervals.

    A significant portion of the world’s projected population expansion between now and 2050 is expected to come from just eight countries, five of which are African nations: the Democratic Republic of the Congo, Egypt, Ethiopia, Nigeria, and Tanzania. Africa, as the world’s fastest-growing economy, boasts the youngest population of any region. This demographic projection presents both economic opportunities and challenges related to the management of population growth.

    As of August 1, 2023, Africa’s current population stands at 1,463,378,937, accounting for 17.89% of the total world population, as per the latest United Nations projections.

    While the countries in sub-Saharan Africa are projected to witness the largest population growth between 2022 and 2050, some African nations already have substantial populations. Below, we present the top 10 most populated countries in Africa, based on data from WorldPopulationReview:

    1. **Nigeria:** With a population of 224,275,240, Nigeria ranks 6th globally.
    2. **Ethiopia:** Holding the 11th global position, Ethiopia’s population is 126,809,429.
    3. **Egypt:** Ranked 14th in the world, Egypt’s population stands at 112,870,951.
    4. **Democratic Republic of Congo:** At 102,556,950, the Democratic Republic of the Congo ranks 15th globally.
    5. **Tanzania:** With a population of 67,612,351, Tanzania is the 22nd most populous country in the world.
    6. **South Africa:** Holding the 24th global position, South Africa’s population reaches 60,462,959.
    7. **Kenya:** Ranked 26th globally, Kenya’s population stands at 55,197,515.
    8. **Uganda:** With a population of 48,700,835, Uganda ranks 30th in the world.
    9. **Sudan:** At 48,219,383, Sudan holds the 31st global position in terms of population.
    10. **Algeria:** Ranked 34th worldwide, Algeria’s population reaches 45,667,552.

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    The population dynamics in Africa offer both prospects and challenges for the continent’s development. As these countries experience continued growth, it becomes crucial to effectively manage population expansion to address socio-economic issues effectively.

  • COVID-19: World Bank foresees Sub-Sahara Africa’s 1st recession in 25 years

    COVID-19: World Bank foresees Sub-Sahara Africa’s 1st recession in 25 years

    The World Bank Group says Coronavirus (COVID-19), is taking Sub-Saharan Africa towards its first recession in 25 Years.

    The bank stated this in a statement released on Thursday.

    It explained that growth in Sub-Saharan Africa had been significantly impacted by the COVID-19 outbreak, and was predicted to fall sharply from 2.4 per cent in 2019 to -2.1 to -5.1 per cent in 2020.

    The bank stated that it based its forecast on the latest Africa’s Pulse, the World Bank’s twice-yearly economic update for the region.

    The statement quoted Hafez Ghanem, World Bank Vice President for Africa as saying “the COVID-19 pandemic is testing the limits of societies and economies across the world, and African countries are likely to be hit particularly hard.

    “We are rallying all possible resources to help countries meet people’s immediate health and survival needs, while also safeguarding livelihoods and jobs in the longer term.

    “This includes calling for a standstill on official bilateral debt service payments, which would free up funds for strengthening health systems to deal with COVID 19 and save lives.

    “Social safety nets to save livelihoods and help workers who lose jobs, support to small and medium enterprises, and food security.”

    According to Ghanem, the Pulse authors recommend that African policymakers should focus on saving lives and protecting livelihoods by strengthening the health systems and taking quick actions to minimise disruptions in food supply chains.

    The bank noted that the authors also recommended implementing social protection programmes, including cash transfers, food distribution and fee waivers, to support citizens, especially those working in the informal sector.

    The analysis shows that COVID-19 will cost the region between 37 billion dollars and 79 billion dollars in output losses for 2020 due to a combination of effects.

    “They include trade and value chain disruption, which impacts commodity exporters and countries with strong value chain participation; reduced foreign financial flows from remittances, tourism and foreign direct investment,” it stated.

    It further listed others as foreign aid, combined with capital flight; and through direct impacts on health systems, and disruptions caused by containment measures and the public response.

    “While most countries in the region have been affected in different degrees by the pandemic, real gross domestic product growth is projected to fall sharply, particularly in the region’s three largest economies like Nigeria, Angola, and South Africa, as a result of persistently weak growth and investment.

    “In general, oil exporting-countries will also be hard-hit; while growth is also expected to weaken substantially in the two fastest growing areas, the West African Economic and Monetary Union and the East African Community, due to weak external demand, disruptions to supply chains and domestic production.

    “The region’s tourism sector is expected to contract sharply due to severe disruption to travel.

    “The COVID-19 crisis also has the potential to spark a food security crisis in Africa, with agricultural production potentially contracting between 2.6 per cent in an optimistic scenario, and up to seven per cent if there are trade blockages.

    “Food imports would decline substantially as much as 25 per cent, or as little as 13 per cent due to a combination of higher transaction costs and reduced domestic demand” the bank explained. (NAN)