The World Bank classifies a country as middle income if it has per capita gross national income (GNI) between US$906 and US$11,115. By the end of 2013, almost 50% of the 48 countries in Sub-Saharan Africa (SSA) had attained middle-income status, up from 27% in 2006 and with additional 10 countries (21% increment) poised to attain such status by 2025. In 2014, Africa has achieved high urbanization rates of 40% and by 2030, 50% of Africans will live in cities. The largest 18 cities will have a combined annual spending power of US$1.3 trillion. Read more here…
Ad
Top 5 This Week
Related Posts
- All
- 4G
- 5G
- AI
- Android
- Apple
- Applications
- Apps
- Asia Edition
- Audio
- Banking
- Bitcoin
- Black Friday
- Blockchain
- Brand Voice
- Business
- Camera
- Casino
- Certifications
- China Edition
- Classifieds
- Climate Change
- Cloud
- Co-Working
- Columnists
- Computers
- Computing
- Construction
- Content Marketing
- Courses
- COVID-19
- cryptocurrencies
- CSR
- Cybersecurity
- Data Centers
- Design
- Digital
- E-Learning
- Ecommerce
- Editions
- Editor Picks
- Education
- Energy
- Entertainment
- Entrepreneurship
- Europe Edition
- Events
- family
- Fashion
- Featured
- Finance
- Fintech
- Forex
- Founders Friday
- Founders Friday
- Funding
- Gadgets
- Gadgets Leaks
- Gaming
- Gear
- Government
- Growth Hacking
- Guest
- Guides
- Hacks & Facts
- Hacks & tricks
- Health
- Home
- Home Appliances
- How To
- HR
- India Edition
- Infrastructure
- Innovation
- Insider
- Insurance
- International Edition
- Internet
- IoT
- job advert
- Jobs
- Laptop
- Leadership
- Legal
- Lifestyle
- M&A
- Marketing
- MENA Edition
- Microsoft
- Mobile
- Money
- mostbet kirish
- mostbet ozbekistonda
- Motoring
- Music
- News
- NFTs
- NFTs
- Obituaries
- Obituaries
More
Related Posts
By 2030, Africa’s 18 largest cities are projected to have a combined spending power of US$1.3 trillion
- Ad -