The International Monetary Fund (IMF) states in their latest report that Africa has experienced a hard-won recovery post-Covid, though recent global events, including external funding constraints, the debt crisis, a downturn in global demand, and massive aid cuts, will impact the growth rate in Africa.
However, the continent’s economic landscape is vibrant and dynamic. The World Bank projects a growth rate of 3.7%, and the African Development Bank is forecasting an even more optimistic 4.3% growth rate, says Orderson.