The World Bank released its report on global economic prospects this week. It said that Niger, Senegal, and Rwanda will be among the world’s fastest-growing economies in 2024. The oil sector is boosting Niger’s growth, which is expected to reach 12.5% this year. This will make it the second-fastest growing economy in the world, after Guyana’s 38.2%. Guyana also has a thriving oil sector. Three more African countries will join the top 10 fastest-growing economies: the Democratic Republic of Congo, Cote d’Ivoire, and Ethiopia. The World Bank blamed this on Nigeria’s currency reform, Angola’s oil production shortfall, and South Africa’s energy and transportation problems.
SOURCE: VENTURES AFRICA
