Rwanda, Uganda, Ethiopia, Benin, and IvoryCoast are now among Africa’s fastest-growing economies, according to the International Monetary Fund (IMF).
In its latest Regional Economic Outlook for Sub-Saharan Africa released in Washington, D.C., the IMF attributed their strong performance to sustained policy reforms, prudent fiscal management, and increased investment in infrastructure and manufacturing.
In contrast, major economies such as Nigeria and South Africa—the continent’s largest—were notably absent from the list of Africa’s fastest-growing economies.
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