According to the World Economic Prospect released this month by the World Bank, “Ethiopia is expected to grow by 8.3% in 2017, Tanzania by 7.2%, Côte d’Ivoire by 6 , 8% and Senegal by 6.7%, all aided by public investment. “
Ethiopia could quickly become the first economic of East Africa. For 2017, its Gross Domestic Product (GDP) will reach $ 78 billion compared to $ 72 billion last year. Accustomed to the double-digit rate since 2015, the country is expected to surpass Kenya by $ 29 million to GDP this year.
However, Ethiopia’s economic growth depends heavily on public infrastructure spending and domestic demand. The country, whose population weighs twice that of Kenya, has also become a destination of choice for Chinese investors.
Source: Ecofin Agency