Browsing: Southern Africa region

• Civil unrest, electricity crisis and natural disasters in South Africa deal a body blow to the regional economy growth prospects.
• The 2023 Southern Africa Economic Outlook indicates that the Southern Africa region’s GDP growth barely reached 2.7 percent. This level is much lower than global and African averages of 3.4 percent and 3.8 percent respectively.
• According to the African Development Bank, Southern Africa region is now lagging behind its peers across the continent. 

The Southern Africa zone has continued to experience a slowdown in economic growth in the past year largely driven by increasing challenges in regional powerhouse South Africa. 

The south-most country on the continent has seen civil unrest, electricity crisis and natural  disasters worsen the region’s economic slowdown. Neighbouring Zimbabwe, Zambia, Malawi, Madagascar, and São Tomé and Príncipe, have also experienced intense adverse weather events.

According to a report by the African Development Bank, climate change-related crisis has …

Southern Africa is home to about 209 million people, and its population has grown by about 2.4 per cent a year since 2010.…