Top 10 future risks in Africa according to AXA

AXA's Future Risks Report 2023 ranks major risks based on their potential impact on society. AXA has released two rankings. The first compiles the findings of 3500 experts from 50 countries. The second summarizes what 20 000 people in 15 countries, selected from the general public, think.

For the second year running, experts have ranked climate change at the top of the list of risks for Africa. Financial stability risks are gaining momentum, moving into second place ahead of cyber security risks.

Top 10 future risks in Africa according to experts

	2023	2022
1	Climate change	Climate change
2	Financial stability risks	Cyber security risks
3	Cyber security risks	Pandemics and infectious diseases
4	Macro-economic risks	Geopolitical instability
5	Monetary and fiscal policy risks	Financial stability risks
6	Pandemics and infectious diseases	Monetary and fiscal policy risks
7	Risks related to AI and big data	Social discontent and local conflicts
8	Geopolitical instability	Macro-economic risks
9	Social tensions and movements	New security threats and terrorism
10	Energy Risks	Energy Risks

Just like experts, the general public also considers climate change to be the top priority. The risk of pandemics and infectious diseases has moved down one place since 2022, and is now ranked second on the list, followed by the risk of pollution.

Top 10 future risks in Africa according to the general public

	2023	2022
1	Climate change	Pandemics and infectious diseases
2	Pandemics and infectious diseases	Climate change
3	Pollution	New security threats and terrorism
4	New security threats and terrorism	Pollution
5	Cyber security risks	Cyber security risks
6	Financial stability risks	Financial stability risks
7	Chronic diseases	Chronic diseases
8	Risks related to AI and big data	Energy risks
9	Natural resources and biodiversity risks	Natural resources and biodiversity risks
10	Monetary and fiscal policy risks	Long-term exposure to harmful substances