“Africa’s young, increasingly urban population, growing middle class and improving infrastructure will drive passenger traffic to grow nearly 6% annually through 2045, one of the fastest rates globally, Boeing [NYSE: BA] said today. The region’s commercial airplane fleet will more than double from 755 to 1,625 over the next 20 years to support this demand, as projected in Boeing’s 2026 Commercial Market Outlook (CMO) for Africa.”

From Market Forecast.