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Browsing: Eastern Africa
South Sudan may be the newest nation in the world but this does not mean that its economy is still too young to be noticed when its trajectory moves upwards.
The Eastern African nation is edging out giants in the region including Kenya and Uganda to become the fastest growing economy in the face of the Covid-19 pandemic. The virus has ravaged economies around the world but for South Sudan, the country is defying the effects to register a 4.1 per cent GDP growth ahead of Ethiopia and Tanzania with close to 2 per cent and Kenya with 1 per cent.
A report by the United Nations Economic Commission on Africa (UNECA) shows that the country of 11 million is outshining its regional peers which will see many countries fall below pre-2020 projections.
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The African Development Bank (AfDB) estimated the country’s …