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- Sub-Saharan Africa is expected to rise to 2.9 percent in 2020. In its January 2020 Global Economic Prospect report
- . Kenya’s growth can hit the 6% mark, which will be higher than other countries in the region in terms of percentage
According to World Bank growth in Sub-Saharan Africa is expected to rise to 2.9 percent in 2020. In its January 2020 Global Economic Prospect report, the bank said that a number of factors have led to improved economic prospects, such as improved investor confidence in some large economies, easing of energy hurdles, a rise in oil production and increased oil exports. Apart from that, the agricultural sector in the Sub-Saharan economies have picked up impressively along with export of agricultural goods. It may be noted that in the 2019 World Bank Investment Report, it was pointed out that FDI flow to the region (sub-Sahara) has gone up, while it decelerated in most of the countries.
Significantly, the growth in South Africa is expected to pick up to 0.9 percent, while in Nigeria, growth will likely to be to 2.1 percent. Angola is expected to accelerate to 1.5 percent. Kenya’s growth can hit the 6% mark, which will be higher than other countries in the region in terms of percentage. The overall growth in the West African Economic Monetary Union, it is expected to be steady at 6.4 percent.
