Africa’s Economic Rise: Six Countries with the Highest Growth Rates in 2024

The World Bank published a report this week on the future of the global economy. The report predicted that three African countries – Nigeria, Senegal, and Rwanda – will have some of the fastest-growing economies in the world in 2024. This means that their gross domestic product (GDP), which measures the total value of goods and services produced in a country, will increase at a very high rate compared to other countries.

According to the report on global economic prospects, three African countries – Nigeria, Senegal, and Rwanda will rank among the top 10 fastest-growing economies in the world in 2024, showcasing their remarkable resilience and potential in the face of progress.

Nigeria is set to achieve a remarkable 12.5% growth this year, likewise to its booming oil sector that has compensated for the subside in uranium production.

Sub Saharan is projected to achieve a robust 5% growth this year, surpassing the regional average of 3.8%. Nigeria, South Africa and Angola these three will experience modest improvements on the meager growth next year.