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Several African Countries Expected to be Among the Fastest Growing Economies Until 2027

Africa is emerging as a new power as its social, economic, and political improvements show a consistent pace that will position them to play an important role in global affairs. Africa has come a long way in terms of economic growth in the past few years. According to The Economist , several of the continent’s countries are on track to have fast-growing economies until 2027. Seven African countries will be among the 15 to grow fastest economically until 2027 — The Economist (@TheEconomist) March 28, 2020 In 2019, Kenya reclaimed its crown for having the largest economy in Eastern and Central Africa, beating out its developing neighbor, Ethiopia, for the first time since 2016, as reported by Future Directions International . The continent’s demographics also play a huge role in its growth. According to The Economist , Africa’s population will nearly double by 2050, totaling to more than a quarter of the world’s population. Additionally, PWC reported that...

Njera Perkins

Apr 4, 2020