Booming Sub-Saharan Africa set for growth: Here's why
Podcast episode
About the episode
There is a mood of cautious optimism in Sub-Saharan Africa (SSA), as analysts predict the resource-rich region will register significant economic growth during the next two years.
Against a backdrop of falling inflation for some countries and the potential for higher private consumption and investment, the World Bank predicts growth in SSA to firm to 4.1 per cent in 2025 and 4.3 per cent in 2026 after hovering around 2–3 per cent in recent years.
“This is attributed to easing of financial conditions domestically and globally, along with lower inflation rates,” says Andrew Dabalen, chief economist for the Africa region at the World Bank.
He notes, though, that growth will remain uneven across countries in the region.
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