Africa currently has one of the fastest-growing economies in the world.
The Sub-Saharan region of Africa has had its economic growth stifled by events that could be described as whimsical, owing to how unforeseeable they have been.
In 2020, the Covid-19 pandemic hit Africa hard, halting economic activities for over a year and causing tremendous fiscal loss. Just when things were beginning to pick up, a conflict halfway across the world influenced the entire African market by a substantial margin.
The Russia/Ukraine conflict has caused both an energy and a food crisis simultaneously in Sub-Sahara, inadvertently spurring the rise of inflation across the region.
However, amidst such economic challenges are glimpses of hope. Many countries in the region are still expected to record some measure of success.
Recently, the International Monetary Fund released a report detailing and, numerically predicting the fate of the sub-Saharan African economy in the coming year. Some Sub-Saharan countries were predicted to decline in GDP growth, while several African countries were projected to experience some economic growth amidst the continent’s economic challenges.
Below are ten African countries with the highest percentage of GDP growth projection.
