from African Leadership Magazine August 2024 Edition

I woke up this morning reflecting upon and nodding to the rhythm of Shakira’s FIFA 2010 World Cup (TM) song, ‘This Time for Africa,’ and was filled with awe at how much progress Africa and Africans have made globally. As I thought about Africa’s journey from the days when a major international publication referred to her as the ‘hopeless continent’, I couldn’t agree more that this was Africa’s century, Africa’s time!

The African continent brims with potential and progress. Often called the cradle of humanity, Africa is emerging as a beacon of innovation, resilience, and growth. The hope for humanity’s food security and the future of tomorrow’s global workforce lies in today’s youthful Africa. Little wonder there is an ongoing rush to engage the continent -both from the good, bad and ugly. This is truly Africa’s time, and the world is taking notice.

This refreshing narrative can be seen in many ways; however, I shall focus on only the following areas:

A Rebound in Economic Growth

Africa’s economic landscape is transforming at an unprecedented pace. According to the African

Economic Outlook, the rebound in Africa’s average growth includes a rise to 3.7% in 2024 and 4.3% in 2025, exceeding the projected global average of 3.2%. Of this figure, 17 African economies are projected to grow by more than 5 percent in 2024. This story has been consistent, with Africa accounting for 6 of the 10 fastest-growing economies over most of the last 15 years.

“Africa is no longer the sleeping giant. It is awake, and it is on the move,” said Akinwumi Adesina, President of the African Development Bank. His words resonate with the palpable energy and ambition that permeate the continent.

Technological Innovation and Entrepreneurship

Africa is also becoming a hub for technological innovation. The rise of tech hubs in cities like Nairobi, Lagos, and Cape Town has earned Africa the moniker “Silicon Savannah.” In 2020, African tech startups raised over $1.4 billion in funding and almost $800 million in the first half of 2024 alone, a testament to the continent’s burgeoning tech ecosystem.

One inspiring story is that of Flutterwave, a Nigerian fintech company that has revolutionized online payments across Africa. Founded in 2016, Flutterwave has facilitated over 140 million transactions worth over $9 billion. Its success story is a beacon of hope for aspiring African entrepreneurs.

Education and Empowerment

Education is the cornerstone of Africa’s progress. The continent has seen a significant increase in school enrollment rates, with UNESCO reporting that primary school enrollment in Sub-Saharan Africa reached 80% in 2018 and is growing year on year. Moreover, initiatives like the African Union’s Agenda 2063 aim to transform Africa into a global powerhouse through education and skill development.

Dr. Ngozi Okonjo-Iweala, the first African and first woman to lead the World Trade Organization, and that of Dr Tedros Gebreyesus of the World Health Organization exemplify the power of education and empowerment as Africans continue to occupy strategic positions globally and contribute to solving some of humanity’s biggest challenges. Their successes, and especially those of the African diaspora, are a testament to the boundless potential that education unlocks. This is without prejudice to the extraordinary work still required in the education sector across the continent.

Cultural Renaissance

Africa’s cultural influence is also making waves globally. The continent’s rich heritage, music, art, and fashion captivate audiences worldwide, driving Africa’s global soft power. The global success of artists like Burna Boy and Wizkid, who have brought Afrobeat to the international stage, highlights Africa’s cultural renaissance.

In the words of Nelson Mandela, “The cultural heritage of Africa is the most precious treasure we have.” This treasure is now being shared with the world, enriching global culture and fostering a deeper appreciation for Africa’s diverse traditions. It is Africa’s time and African rhythms are danced to in malls, and stadiums from India to Brazil and worldwide.

In the Climate space, Africa’s forests may be humanity’s hope in addressing global environmental challenges. Wangari Maathai, the first African woman to win the Nobel Peace Prize, once said, “It’s the little things citizens do. That’s what will make the difference. My little thing is planting trees.” Her legacy lives on through the millions of trees planted across Africa, symbolizing hope and resilience.

The continent is rising, driven by the indomitable spirit of its people, the richness of its culture, and the promise of its future. As Africa continues to make strides in economic growth, technological innovation, education, cultural influence, and environmental stewardship, it is clear that the world must pay attention.

In the words of Kwame Nkrumah, “We face neither East nor West; we face forward.” Africa is moving forward, and its journey is one of inspiration, progress, and boundless potential. This is Africa’s time, and the world is watching in awe.

Africa’s economic landscape is transforming at an unprecedented pace. According to the African Economic Outlook, the rebound in Africa’s average growth includes a rise to 3.7% in 2024 and 4.3% in 2025, exceeding the projected global average of 3.2%. President of the African Development Bank, Dr Akinwumi

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