US’ Tillerson warns against China loans to Africa

The world’s 10 youngest populations are in Africa. Niger, with its average age of 14.8 tops this list, according to the World Economic Forum, citing data from the United Nations. According to the World Bank, demographics could result in 11 to 15 percent gross domestic product growth in the continent between 2011 and 2030.

But, a massively young population “can easily become an issue if you don’t create the jobs for them,” Azevedo warned, citing this as a key area for opportunity. Companies “need to have access to global markets. Access to capital is the key.”

“Over the last 3 weeks we have raised almost $6 billion of bonds for African issuers,” he…

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