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Top 10 African countries with the world’s fastest-growing economies in 2019

January 19, 2019 at 09:00 am | Money Moves

Nduta Waweru

Nduta Waweru | Contributor

January 19, 2019 at 09:00 am | Money Moves

Dar es Salaam David Stanley/Flickr

2019 looks to be a good year for the continent, if the economic projection by different institutions is anything to go by.

According to the African Development Bank, the continent’s economy is set to accelerate to 4.0 per cent in 2019 and 4.1 per cent in 2020. 

In its 2019 African Economic Outlook report, the AfDB also indicated that the continent still faces quite a number of  challenges including “risks from uncertainty in escalating global trade tensions, normalization of interest rates in advanced economies, and uncertainty in global commodity prices could dampen growth.”

From the report, East Africa is set to lead the continent in improved economy with a 5.9 growth in 2019, followed by the North, Central, West and Southern Africa.

The International Monetary Fund also predicted an improved economic growth for the continent with top 10 African countries showing more than 6 per cent projected growth.  However, more needs to be done to achieve or surpass these projections.

Scroll through to find out the top 10 African countries with the fastest growing economies of 2019.

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