Africa’s Growth Prospects in 2024: Niger Forecast To Be Fastest Growing Economy

Courtesy of Semafor, an article on Africa’s growth prospects in 2024:

Sub-Saharan Africa’s economy is expected to grow by 3.8% in 2024, the World Bank said in a new report. Growth in the region slowed to 2.9% in 2023, from 3.7% and 4.4% in 2022 and 2021, respectively. All but two of the 48 economies in the region will experience positive growth this year. But the expectation for growth is tempered by the threat of rising political instability and more intense conflict in the Middle East, the report said. Niger is projected to experience the highest growth, at 12.8%. Dominik Peschel, a senior economist at the World Bank, told Semafor Africa the predicted rebound in Niger would depend on various factors including the lifting of sanctions against the junta that seized power last July, the return of international development financing, and large-scale oil production and exports.



This entry was posted on Thursday, January 11th, 2024 at 11:23 am and is filed under Niger.  You can follow any responses to this entry through the RSS 2.0 feed.  Both comments and pings are currently closed. 

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Wildcats & Black Sheep is a personal interest blog dedicated to the identification and evaluation of maverick investment opportunities arising in frontier - and, what some may consider to be, “rogue” or “black sheep” - markets around the world.

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