12 Fastest Growing Economies in Africa

In this article, we will take a look at 12 fastest growing economies in Africa. If you want to see more of the fastest growing economies in Africa, go directly to the 5 Fastest Growing Economies in Africa.

Africa’s economy started recovering in 2021 following the disastrous consequences of the COVID-19 pandemic. Its gross domestic output increased significantly in 2021 by an estimated 6.9%. The anticipated real GDP growth for Africa in 2021 was higher than both the global average and other regions’ growth rates. Four of Africa’s top six countries had an increase in their Purchasing Managers’ Index (PMI) readings, indicating an improvement in economic activity. Egypt, Kenya, Nigeria, and South Africa’s PMI values in 2021 (which collectively accounted for 52% of Africa’s GDP in 2021) were usually over the 50-point threshold and closer to pre-pandemic levels. This comes after the continent saw a 1.6% shrinkage brought on by the pandemic…

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