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.
North West, daughter of Kim Kardashian and Ye, is set to make her debut at…
Sanai Graden, who went viral earlier this year for raising nearly half a million dollars…
Louis Queen has been a custodian at the Four Seasons Elementary School in Gambrills, Maryland,…
Renown attorney Ben Crump said Florida deputies shot and killed a 23-year-old U.S. Air Force…
A racist posterboard depicting LeBron James alongside monkeys was displayed at a school art exhibition,…
Bernard Junior Polite, the Pennsylvania man who was seen attempting to shoot a pastor during…
Authorities in Canada responded to Drake’s mansion again after an intruder attempted to break into…
What appeared to be a typical day immediately changed for Officer Cpl. Jason Lee when…
Paris Dean is the founder of Sparen, a startup that seeks to streamline real estate…
Flavor Flav is known for his music career but he is also a true sports…
Nigerian entrepreneur Tade Oyerinde leads Campus, an online community college startup. The son of Nigerian…
What are you willing to endure in the name of love? A Florida mother decided…
Tracy McBride’s dream came true when she finally arrived as a contestant for the Wheel…
Chris Brown is an American R&B singer, songwriter, and dancer. He made his career debut…
Following the success of his 2008 single "Can't Believe It," in which he memorably rhymed…