African Countries Showing Highest Urbanization Rates Globally, Expert Says

© FlickrSouth Africa, Johannesburg
South Africa, Johannesburg - Sputnik Africa, 1920, 20.05.2023
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In 2022, the annual population growth in Africa was 2.58%. At present, the continent has a population of about 1.44 billion people, which is almost 18 percent of the world's 8 billion population.
African countries are showing the highest rates of urbanization in the world as the continent's urban population is increasing by 24 million people annually, Vsevolod Sviridov, an expert at Russia's Higher School of Economics Center for African Studies, told Sputnik.

"African countries are now demonstrating the highest rates of urbanization in the world – 4.5% a year," he said, citing data by the international consulting company McKinsey & Co.

A view of the company Bogoso Gold Limited, open cast gold mine near the town of Prestea, Ghana, Sept. 27, 2005.  - Sputnik Africa, 1920, 20.04.2023
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He also said that the cities on the continent are rapidly turning into economic centers with a relatively small area, but significant purchasing power.

"By 2050, the population of African cities will grow by 950 million people, according to the Organization for Economic Co-operation and Development (OECD)," Sviridov concluded.

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