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AfricanBUSINESS UNITED KINGDOM IC PUBLICATIONS 7 Coldbath Square, London EC1R 4LQ Tel: +44 20 7841 3210 icpubs@icpublications.com www.african.business FOUNDER Afif Ben Yedder PUBLISHER & EDITOR-IN-CHIEF Omar Ben Yedder | o.benyedder@icpublications.com EDITOR David Thomas | d.thomas@icpublications.com DIGITAL EDITOR Shoshana Kedem | s.kedem@icpublications.com SUB EDITORS Charles Dietz | c.dietz@icpublications.com Mike Holderness | m.holderness@icpublications.com DESIGN J V e n k a t a s a m y | j .v e n k a t a s a m y@icpublications.com HEAD OF BUSINESS INTELLIGENCE Desné Masie | d.masie@icpublications.com ADVERTISING SALES DIRECTORS Baytir Samba, Nick Rosefield, Saliba Manneh ADVERTISING advertising@icpublications.com DISTRIBUTION distribution@icpublications.com PRODUCTION MANAGER Stuart West | s.west@icpublications.com TUNISIA Néjib Ben Yedder | n.benyedder@icpublications.com GHANA – SPECIAL PROJECTS AND ADVERTISING Silv ia Salvetti Ollennu Top Reports Tel: +233 24 910 5995 top@topreports.org IC EVENTS info@ic-events.net SUBSCRIPTIONS IC Publications Webscribe Unit 4, College Business Park, College Road, North Aston Clinton HP22 5EZ UK Telephone + 44 (0) 1442 820580 contact@webscribe.co.uk https://african.business/subscribe PRINTERS Roularta Media Group Meensesteenweg 300 8800 Roeselare Belgium All pictures AFP unless indicated. Registered with the British Librar y. ISSN 0141-3929 ©2023 IC Publications Ltd CONTENTSContents Cover story: Africa’s demographic dilemma: What jobs will there be for the continent’s youth? Business Intelligence 4 News and deals around Africa Opinion 8 What does the next World Bank president need to learn? 10 Air links: How Africa can pilot a new route to prosperity Cover story: Demographic dilemma 12 As Africa’s population rises, will there be enough jobs for its young people? 18 In numbers: Sixty years of demographic change Special report: Women on the board 20 Women gain ground in Africa’s boardrooms 24 Women in the boardroom in data 26 Interview: ‘Women did not have a proper place in business life,’ says Lynda Aphing-Kouassi Special report: Nigeria’s election 34 Buhari leaves a stricken economy 36 Nigeria in numbers 38 How Nigerian startups could do more for democracy Features 40 Africa’s entertainment and media industry is at a crossroads 44 Interview: ‘Shows made in Africa, by Africans, get watched around the world,’ says Ben Amadsun, Director of Content, MEA, Netflix 46 World Bank shakeup raises hopes and heated debate 48 Are African stock exchanges fit for pur pose? 52 Can Islamic finance ride on the coattails of green bonds? 54 Dark times may lie ahead for South Africa’s banks 56 What you need to know about Africa’s debt distress 58 Time for Africa to feed itself – outcomes of the Dakar 2 summit 60 Southern Africa blackouts raise doubts over hydro’s future role 64 Can Italy expand its natural gas ties with Libya? Countryfiles 68 ‘Hustler Fund’ offers hope to 19m Ke ny a n s 70 Should China be blamed for Zambia’s debt talks holdup? 72 Guinea’s junta seems set to backtrack on mining pledges Editor’s view 74 How far do shares need to fall before women’s rights improve?

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AfricanBUSINESS

UNITED KINGDOM IC PUBLICATIONS 7 Coldbath Square, London EC1R 4LQ Tel: +44 20 7841 3210 icpubs@icpublications.com www.african.business FOUNDER Afif Ben Yedder PUBLISHER & EDITOR-IN-CHIEF Omar Ben Yedder | o.benyedder@icpublications.com EDITOR David Thomas | d.thomas@icpublications.com DIGITAL EDITOR Shoshana Kedem | s.kedem@icpublications.com SUB EDITORS Charles Dietz | c.dietz@icpublications.com Mike Holderness | m.holderness@icpublications.com DESIGN J V e n k a t a s a m y | j .v e n k a t a s a m y@icpublications.com HEAD OF BUSINESS INTELLIGENCE Desné Masie | d.masie@icpublications.com ADVERTISING SALES DIRECTORS Baytir Samba, Nick Rosefield, Saliba Manneh ADVERTISING advertising@icpublications.com DISTRIBUTION distribution@icpublications.com PRODUCTION MANAGER Stuart West | s.west@icpublications.com TUNISIA Néjib Ben Yedder | n.benyedder@icpublications.com GHANA – SPECIAL PROJECTS AND ADVERTISING Silv ia Salvetti Ollennu Top Reports Tel: +233 24 910 5995 top@topreports.org IC EVENTS info@ic-events.net SUBSCRIPTIONS IC Publications Webscribe Unit 4, College Business Park, College Road, North Aston Clinton HP22 5EZ UK Telephone + 44 (0) 1442 820580 contact@webscribe.co.uk https://african.business/subscribe PRINTERS Roularta Media Group Meensesteenweg 300 8800 Roeselare Belgium

All pictures AFP unless indicated. Registered with the British Librar y. ISSN 0141-3929

©2023 IC Publications Ltd

CONTENTSContents

Cover story: Africa’s demographic dilemma: What jobs will there be for the continent’s youth?

Business Intelligence 4 News and deals around Africa

Opinion 8 What does the next World Bank president need to learn? 10 Air links: How Africa can pilot a new route to prosperity

Cover story: Demographic dilemma 12 As Africa’s population rises,

will there be enough jobs for its young people? 18 In numbers: Sixty years of demographic change

Special report: Women on the board 20 Women gain ground in Africa’s boardrooms 24 Women in the boardroom in data 26 Interview: ‘Women did not have a proper place in business life,’ says Lynda Aphing-Kouassi

Special report: Nigeria’s election 34 Buhari leaves a stricken economy 36 Nigeria in numbers 38 How Nigerian startups could do more for democracy

Features 40 Africa’s entertainment and media industry is at a crossroads

44 Interview: ‘Shows made in

Africa, by Africans, get watched around the world,’ says Ben Amadsun, Director of Content, MEA, Netflix 46 World Bank shakeup raises hopes and heated debate 48 Are African stock exchanges fit for pur pose? 52 Can Islamic finance ride on the coattails of green bonds? 54 Dark times may lie ahead for

South Africa’s banks 56 What you need to know about

Africa’s debt distress 58 Time for Africa to feed itself –

outcomes of the Dakar 2 summit 60 Southern Africa blackouts raise doubts over hydro’s future role 64 Can Italy expand its natural gas ties with Libya?

Countryfiles 68 ‘Hustler Fund’ offers hope to

19m Ke ny a n s 70 Should China be blamed for

Zambia’s debt talks holdup? 72 Guinea’s junta seems set to backtrack on mining pledges

Editor’s view 74 How far do shares need to fall before women’s rights improve?

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