Kenya, Côte d’Ivoire, and Rwanda are among the fastest-growing African economies in 2023, according to a new report by the World Bank.
The report forecasts that economic activity in Sub-Saharan Africa will accelerate to 3.7 per cent in 2024 and 4.1 per cent in 2025, a signal that growth in the region has bottomed out this year.
The World Bank report attributes the strong economic performance of Kenya, Côte d’Ivoire, and Rwanda to a number of factors, including sound macroeconomic policies, investments in infrastructure and human capital, and a diversified economic base.
The report also notes that the three countries have been relatively less affected by the global economic slowdown and the war in Ukraine.
Source: Business Insider Africa
