Top 5 issues African economies must focus on in 2020

January 02, 2020 at 09:00 am | Money Moves, Opinions & Features

Charles Ayitey

Charles Ayitey

January 02, 2020 at 09:00 am | Money Moves, Opinions & Features

The year 2019 has seen various African economies showcase their respective strengths and weakness in the areas of financial technology, cultural diversity, and even gender equity. 

Even though the continent has been hailed as the world’s next big market, startling cycles of corruption, poverty, over-concentration on limited natural resources have convulsed the World Bank and International Monetary Fund downscale their 2019 growth margin for the Continent to 2.8 per cent for the World Bank and 3.5 per cent for the IMF.

With trillions of dollars exchanging hands in global trade at the split of a second, the year 2020 is enough space for Sub-Saharan Africa to bounce back and dominate the global market. As the World Bank Senior Economist for Africa – Gerard Kambou puts it; “…now is the time to act!”

These are the Top 5 issues African economies must focus on to rebound in 2020.

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