pulse take

Côte d’Ivoire, DRC, Kenya… Top-performing economies in Africa

By Yara Rizk

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Posted on April 6, 2023 09:09

In Kenya, economic indices remained relatively strong due in part to increased investor confidence
In Kenya, economic indices remained relatively strong due in part to increased investor confidence as a result of the credibility of the new administration’s plan to stabilize public finances. Tony KARUMBA / AFP.

The continent is experiencing an uneven economic recovery, with significant variations from one country to another, according to the latest edition of the World Bank’s “Africa’s Pulse” report.

Inflationary pressures, threats of recession, and declining investment have contributed to a weak economic growth rate in sub-Saharan Africa, says the World Bank’s Africa’s Pulse report.

“Combined with debt vulnerabilities and sluggish investment growth, [this] risks a lost decade for poverty reduction,” warned Andrew Dabalen, the World Bank’s Chief Economist for Africa.

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