Saturday, December 10, 2016

Growth Outlook for Africa Down but Fine for Some

Ernst and Young published in December 2016 its Africa Attractiveness Year End Update. 2016 has been the worst year for average economic growth across sub-Saharan Africa in over 20 years, mainly due to challenging conditions in the three largest economies: Angola, Nigeria, and South Africa. A number of other economies, however, including Cote d'Ivoire, Senegal, Ethiopia, Kenya, Tanzania, Mozambique and Egypt have done well and are expected to sustain high growth rates over the next five years.

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