Browsing: Big Five

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Africa is rising and gradually taking over the helm of economic power. This growth is now evenly spread, as other parts of the continent experience a slower growth pace compared to the rest, albeit recent years point to evidence of uneven growth across the continent’s sub-regions 

The African Development Bank’s (AfDB) economic outlook observed that only a third of Africa’s nations met the inclusive mark—downplaying inequality and poverty across the continent.  Inequality and poverty have not been combatted efficiently as that would require deep structural reforms, build resilience for farmers against harsh-weather conditions by providing for smart agricultural schemes and providing fiscal space for expansion of safety nets. 

In the same context, the continent’s growth has been forecasted on different levels.  The outlook released on January 30,  pointed out that Africa’s economic growth had stabilized at 3.4 per cent in 2019 and