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African Countries With The Best Economic Prospects: Côte d’Ivoire 6.8%, Senegal 6.7%, Tanzania 7.2%, Ethiopia 8.3%…..

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. “

While South Africa and Nigeria are engulfed in the recession, another Africa is scoring.

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.

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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

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Written by How Africa

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