Browsing: Standard Bank Group

The World Bank said in a recent report that 60 per cent of African countries are likely to see increased agricultural employment by 2035 thanks to AfCFTA, and wages for unskilled workers are expected to grow faster in these nations. While some countries will gravitate towards other sectors in which they have competitive advantages, North African states will shift more towards manufacturing and services.  Many in sub-Saharan Africa are well placed to become food production hubs, thanks in part to favourable climates.