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https://afdb.africa-newsroom.com/press/africa-dominates-list-of-the-worlds-20-fastestgrowing-economies-in-2024african-development...
Submission: On December 31 via api from US — Scanned from NL
Submission: On December 31 via api from US — Scanned from NL
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Name: press_search — POST https://afdb.africa-newsroom.com/press/index
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<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="457"> Austria</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="980"> Azerbaijan</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="700"> Bahrain</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="768"> Bangladesh</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="744"> Belarus</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="449"> Belgium</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="329"> Benin</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="333"> Botswana</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="760"> Brazil</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="764"> Brunei</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="936"> Bulgaria</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="341"> Burkina Faso</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="345"> Burundi</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="732"> California</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="353"> Cameroon</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="621"> Canada</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="361"> Cape Verde</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="972"> Casablanca</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="369"> Central African Republic</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="377"> Chad</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="1036"> Channel Islands</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="944"> Chile</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="433"> China</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="385"> Comoros</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="393"> Congo (Republic of the)</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="1008"> Costa Rica</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="788"> Croatia</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="900"> Croatie</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="736"> Cuba</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="920"> Cyprus</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="876"> Czech Republic</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="425"> Democratic Republic of the Congo</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="421"> Denmark</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="441"> Djibouti</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="1032"> Ecuador</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="473"> Egypt</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="489"> Equatorial Guinea</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="501"> Eritrea</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="932"> Estonia</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="581"> Eswatini</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="505"> Ethiopia</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="752"> Finland</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="497"> France</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="521"> Gabon</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="1060"> Georgia</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="469"> Germany</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="545"> Ghana</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="728"> Greece</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="1064"> Grenada</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="1068"> Grenada</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="561"> Guinea</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="577"> Guinea-Bissau</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="928"> Guyana</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="896"> Hong Kong</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="784"> Hungary</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="756"> Illinois</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="409"> India</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="992"> Indonesia</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="401"> Iran</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="880"> Iraq</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="660"> Ireland</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="397"> Israel</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="389"> Italy</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="593"> Ivory Coast</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="960"> Jamaica</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="381"> Japan</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="716"> Jordan</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="1040"> Kazakhstan</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="601"> Kenya</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="724"> Kuwait</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="968"> Kyrgyzstan</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="884"> Latvia</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="720"> Lebanon</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="609"> Lesotho</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="613"> Liberia</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="605"> Libya</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="856"> Lithuania</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="676"> Luxembourg</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="597"> Madagascar</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="585"> Malawi</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="772"> Malaysia</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="864"> Maldives</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="573"> Mali</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="680"> Malta</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="557"> Mauritania</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="537"> Mauritius</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="708"> Middle East</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="712"> Monaco</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="517"> Morocco</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="481"> Mozambique</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="465"> Namibia</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="644"> Nepal</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="1056"> New Caledonia</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="692"> New Zealand</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="405"> Niger</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="417"> Nigeria</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="820"> NORTH SUDAN</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="365"> Norway</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="812"> OMAN</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="844"> Oman</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="892"> Pakistan</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="1048"> Papua New Guinea</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="860"> Philippines</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="840"> Poland</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="357"> Portugal</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="816"> Qatar</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="976"> REPUBLIQUE TOGOLAISE</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="780"> Romania</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="337"> Russia</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="429"> Rwanda</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="1024"> Saint Kitts and Nevis</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="1000"> Samoa</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="437"> São Tomé and Príncipe</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="664"> Saudi Arabia</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="988"> Scotland</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="453"> Senegal</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="461"> Seychelles</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="477"> Sierra Leone</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="349"> Singapore</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="904"> Slovenia</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="1052"> Solomon Islands</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="493"> Somalia</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="776"> Somaliland</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="513"> South Africa</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="940"> South America</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="796"> South Korea</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="529"> South Sudan</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="413"> Spain</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="848"> Sri Lanka</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="553"> Sudan</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="924"> Suriname</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="824"> Sweden</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="325"> Switzerland</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="868"> Tajikistan</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="589"> Tanzania</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="836"> Thailand</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="1012"> The Bahamas</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="533"> The Gambia</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="373"> The Netherlands</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="748"> The People's Republic of China</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="569"> Togo</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="1044"> Tonga</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="565"> Tunisia</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="317"> Turkey</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="916"> Turkmenistan</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="996"> Turks and Caicos Islands</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="549"> Uganda</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="852"> Ukraine</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="628"> United Arab Emirates</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="485"> United Kingdom</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="509"> United States of America</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="908"> Uzbekistan</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="617"> Vatican</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="1028"> Vietnam</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="1016"> West Indies</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="808"> Yemen</label></a></li>
<li><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="541"> Zambia</label></a></li>
<li class="last"><a href="javascript:void(0);"><label class="checkbox"><input type="checkbox" name="multiselect" value="525"> Zimbabwe</label></a></li>
</ul>
</div>
</div>
<div class="form-item form-item-startdate">
<input type="text" name="start_date" value="" id="start-date" class="form-control dateNtime hasDatepicker" placeholder="From">
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<div class="form-item form-itme-enddate">
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<input id="checkbox-all" class="mediatype-checkall" type="checkbox" checked="checked" data-value="yes">
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</div>
<div class="form-item form-item-checkbox">
<input id="checkbox-Audio" class="mediatype-check" name="media_type[a]" value="a" type="checkbox">
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<input id="checkbox-Video" class="mediatype-check" name="media_type[v]" value="v" type="checkbox">
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</div>
<div class="form-item form-item-checkbox">
<input id="checkbox-Images" class="mediatype-check" name="media_type[i]" value="i" type="checkbox">
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</div>
<div class="form-item form-item-checkbox">
<input id="checkbox-Documents" class="mediatype-check" name="media_type[d]" value="d" type="checkbox">
<label for="checkbox-Documents">Documents</label>
</div>
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Príncipe * Saudi Arabia * Scotland * Senegal * Seychelles * Sierra Leone * Singapore * Slovenia * Solomon Islands * Somalia * Somaliland * South Africa * South America * South Korea * South Sudan * Spain * Sri Lanka * Sudan * Suriname * Sweden * Switzerland * Tajikistan * Tanzania * Thailand * The Bahamas * The Gambia * The Netherlands * The People's Republic of China * Togo * Tonga * Tunisia * Turkey * Turkmenistan * Turks and Caicos Islands * Uganda * Ukraine * United Arab Emirates * United Kingdom * United States of America * Uzbekistan * Vatican * Vietnam * West Indies * Yemen * Zambia * Zimbabwe Press release Multimedia content Filter by: All Audio Video Images Documents Go Back * MULTIMEDIA CONTENT * Images (7) * From left to right: Center for Sustainable Development, Columbia University, Prof Jeffrey Sachs; AU Commissioner, Ambassador Albert Muchanga; African Development Bank President Dr Akinwumi Adesina, Vice President Marie-Laure Akin-Olugbade and Chief Economist and Vice President Prof Kevin Urama * African Development Bank Group President Dr Akinwumi Adesina called for larger pools of financing and several policy interventions to further boost Africa’s growth * Africa dominates list of the world’s 20 fastest-growing economies in 2024—African Development Bank says in macroeconomic report (1) * Africa dominates list of the world’s 20 fastest-growing economies in 2024—African Development Bank says in macroeconomic report (2) * Africa dominates list of the world’s 20 fastest-growing economies in 2024—African Development Bank says in macroeconomic report (3) * Africa dominates list of the world’s 20 fastest-growing economies in 2024—African Development Bank says in macroeconomic report (4) * Africa dominates list of the world’s 20 fastest-growing economies in 2024—African Development Bank says in macroeconomic report (5) * All (7) Source: African Development Bank Group (AfDB) | Feb 18, 2024 AFRICA DOMINATES LIST OF THE WORLD’S 20 FASTEST-GROWING ECONOMIES IN 2024—AFRICAN DEVELOPMENT BANK SAYS IN MACROECONOMIC REPORT The report shows that the medium-term growth outlook for the continent’s five regions is slowly improving, a pointer to the continued resilience of Africa’s economies * Print * Share * * * * * * * * * Copy text * Get source logo Egalement disponible en Français, تتوفر أيضا في العربية ADDIS ABABA, Ethiopia, February 18, 2024/APO Group/ -- Report forecasts stronger growth for Africa in 2024, outpacing projected global average; Continent is second-fastest-growing region after Asia. Africa will account for eleven of the world’s 20 fastest-growing economies in 2024, the African Development Bank Group said in its latest Macroeconomic Performance and Outlook (MEO) of the continent released on Friday. Overall, real gross domestic product (GDP) growth for the continent is expected to average 3.8% and 4.2% in 2024 and 2025, respectively. This is higher than projected global averages of 2.9% and 3.2%, the report said. The continent is set to remain the second-fastest-growing region after Asia. The top 11 African countries projected to experience strong economic performance forecast are Niger (11.2%), Senegal (8.2%), Libya (7.9%), Rwanda (7.2%), Cote d’Ivoire (6.8%), Ethiopia (6.7%), Benin (6.4%), Djibouti (6.2%), Tanzania (6.1%), Togo (6%), and Uganda at 6%. “Despite the challenging global and regional economic environment, 15 African countries have posted output expansions of more than 5%,” Bank Group President Dr Akinwumi Adesina said, calling for larger pools of financing and several policy interventions to further boost Africa’s growth. Africa’s Macroeconomic Performance and Outlook, a biannual publication released in the first and third quarters of each year, complements the existing African Economic Outlook (AEO), which focuses on key emerging policy issues relevant to the continent’s development. The MEO report provides an up-to-date evidence-based assessment of the continent’s recent macroeconomic performance and short-to-medium-term outlook amid dynamic global economic developments. The latest report is calling for cautious optimism given the challenges posed by global and regional risks. These risks include rising geopolitical tensions, increased regional conflicts, and political instability—all of which could disrupt trade and investment flows, and perpetuate inflationary pressures. President Adesina emphasised that fiscal deficits have improved, as faster-than-expected recovery from the pandemic helped shore up revenue. He explained further: “This has led to a stabilisation of the average fiscal deficit at 4.9% in 2023, like 2022, but significantly less than the 6.9% average fiscal deficit of 2020. The stabilisation is also due to the fiscal consolidation measures, especially in countries with elevated risks of debt distress.” He cautioned that with the global economy mired in uncertainty, the fiscal positions of the African continent will continue to be vulnerable to global shocks. The report shows that the medium-term growth outlook for the continent’s five regions is slowly improving, a pointer to the continued resilience of Africa’s economies. Presenting the key findings of the report, the African Development Bank’s Chief Economist and Vice President, Prof. Kevin Urama said: “Growth in Africa’s top-performing economies has benefitted from a range of factors, including declining commodity dependence through economic diversification, increasing strategic investment in key growth sectors, and rising both public and private consumption, as well as positive developments in key export markets.” He added: “Africa’s economic growth is projected to regain moderate strength as long as the global economy remains resilient, disinflation continues, investment in infrastructure projects remains buoyant, and progress is sustained on debt restructuring and fiscal consolidation.” > Despite the challenging global and regional economic environment, 15 African > countries have posted output expansions of more than 5% “The future of Africa rests on economic integration. Our small economies are not competitive in the global market. A healthy internal African trade market can ensure value-added and intra-African production of manufactured goods,” said Commissioner for Economic Development, Trade, Tourism, Industry and Minerals, African Union Commission, Ambassador Albert Muchanga. He assured that the MEO forecast, and recommendations will be made available to African heads of state and that the report will be useful when the African Union makes its proposals to the G20- an informal gathering of many of the world’s largest economies to which the African Union was admitted last year. The improved growth figure for 2024 reflects concerted efforts by the continent’s policymakers to drive economic diversification strategies focused on increased investment in key growth sectors, as well as the implementation of domestic policies aimed at consolidating fiscal positions and reversing the increase in the cost of living and boosting private consumption. Speaking remotely, Zimbabwe’s Minister of Finance and Economic Development, Prof Mthuli Ncube described the report as being “on point” and consistent with the reality in his country, describing it as useful for economic planning across Africa. He urged the African Development Bank to continue its thought leadership to help policymakers continue to build resilience to withstand shocks and drive growth. Ncube said: “Zimbabwe expects slower growth due to climate shocks in the region. Southern African countries depend on agriculture for economic growth, so climate-proofing agriculture is key. We are in talks with creditors to restructure its debt, which is slowing economic growth. Internally, the country will focus on economic and governance reforms and reforms around property rights to increase agricultural production.” Up to 41 countries across the continent will in 2024, achieve an economic growth rate of 3.8%, and in 13 of them, growth will be more than 1 percentage point higher than in 2023. Director of the Center for Sustainable Development, Columbia University Prof Jeffrey Sachs noted that long-term affordable financing must be part of Africa’s strategy to achieve growth of 7% or more per year and warned that Africa is paying a very high-risk premium for debt financing. He called for this point to be made to the G20. “Long-term development cannot be based on short-term loans. Loans to Africa should be at least 25 years or longer. Short-term borrowing is dangerous for long-term development. Africa must act as one, in scale,” he explained. Sachs, who is also the UN Secretary-General António Guterres’ Advocate for Sustainable Development Goals also called for a much larger African Development Bank, better resourced to meet Africa’s financing needs. Overview of economic outlook across regions The confluence of shocks notwithstanding, the resilience of the continent’s economies remains strong, with positive growth projected for the continent’s five regions. * East Africa: East Africa will continue to lead Africa’s growth momentum, with growth projected to rise to 5.1% in 2024 and 5.7% in 2025, supported by strong strategic investments to improve internal connectivity and deepen intra-regional trade. * North Africa: Successive adverse weather conditions and macroeconomic challenges will hold the region’s growth steady at 3.9% in 2024 with a slight improvement to 4.1% in 2025. * Central Africa: Growth is forecast to moderate to 3.5% in 2024 but projected recovery in private consumption and increases in mining investment and exports could help push growth to 4.1% in 2025. * Southern Africa: Growth will remain sluggish at 2.2 and 2.6% in 2024 and 2025, respectively. This reflects continued economic weakness in South Africa, the region’s largest economy. * West Africa: Growth is projected to pick up to 4 and 4.4% in 2024 and 2025 respectively. Strong growth in most countries in the region is projected to offset slowdowns in Nigeria and Ghana. The announced withdrawal of Burkina Faso, Mali, and Niger from the Economic Community of West African States (ECOWAS) casts a shadow over the sustainability of gains amid growing uncertainty. Driving faster and more sustainable economic growth The 2024 MEO says in the short term, tackling persistent inflation will need a mix of restraining monetary policy coupled with fiscal consolidation and stable exchange rates. The report identifies structural reforms and strategic industrial policies as key to accelerating economic diversification and strengthening the export sector. It recommends that countries invest more in human capital and pursue a resource-based industrialisation and diversification strategy that allows the continent to exploit its comparative advantage and build resilience to shocks. * 2024 Macroeconomic Performance and Outlook (https://apo-opa.co/3UHdVhm) * President Adesina’s speech (https://apo-opa.co/49H7oaV) * Pictures (https://apo-opa.co/48jUVZu) Distributed by APO Group on behalf of African Development Bank Group (AfDB). 1. 2. 3. 4. 5. 6. 7. From left to right: Center for Sustainable Development, Columbia University, Prof Jeffrey Sachs; AU Commissioner, Ambassador Albert Muchanga; African Development Bank President Dr Akinwumi Adesina, Vice President Marie-Laure Akin-Olugbade and Chief Economist and Vice President Prof Kevin Urama * Download * Share * * * * * * * * African Development Bank Group President Dr Akinwumi Adesina called for larger pools of financing and several policy interventions to further boost Africa’s growth * Download * Share * * * * * * * * Africa dominates list of the world’s 20 fastest-growing economies in 2024—African Development Bank says in macroeconomic report (1) * Download * Share * * * * * * * * Africa dominates list of the world’s 20 fastest-growing economies in 2024—African Development Bank says in macroeconomic report (2) * Download * Share * * * * * * * * Africa dominates list of the world’s 20 fastest-growing economies in 2024—African Development Bank says in macroeconomic report (3) * Download * Share * * * * * * * * Africa dominates list of the world’s 20 fastest-growing economies in 2024—African Development Bank says in macroeconomic report (4) * Download * Share * * * * * * * * Africa dominates list of the world’s 20 fastest-growing economies in 2024—African Development Bank says in macroeconomic report (5) * Download * Share * * * * * * * * Media Contact: Emeka Anuforo Communication and External Relations Department media@afdb.org About the African Development Bank Group: The African Development Bank Group (AfDB) is Africa’s premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). On the ground in 34 African countries with an external office in Japan, the AfDB contributes to the economic development and the social progress of its 54 regional member states. For more information: www.AfDB.org * Africa * Banking/Finance * Economy * Investment Africa dominates list of the world’s 20 fastest-growing economies in 2024—African Development Bank says in macroeconomic report The report shows that the medium-term growth outlook for the continent’s five regions is slowly improving, a pointer to the continued resilience of Africa’s economies ADDIS ABABA, Ethiopia, February 18, 2024/APO Group/ -- Report forecasts stronger growth for Africa in 2024, outpacing projected global average; Continent is second-fastest-growing region after Asia. Africa will account for eleven of the world’s 20 fastest-growing economies in 2024, the African Development Bank Group said in its latest Macroeconomic Performance and Outlook (MEO) of the continent released on Friday. Overall, real gross domestic product (GDP) growth for the continent is expected to average 3.8% and 4.2% in 2024 and 2025, respectively. This is higher than projected global averages of 2.9% and 3.2%, the report said. The continent is set to remain the second-fastest-growing region after Asia. The top 11 African countries projected to experience strong economic performance forecast are Niger (11.2%), Senegal (8.2%), Libya (7.9%), Rwanda (7.2%), Cote d’Ivoire (6.8%), Ethiopia (6.7%), Benin (6.4%), Djibouti (6.2%), Tanzania (6.1%), Togo (6%), and Uganda at 6%. “Despite the challenging global and regional economic environment, 15 African countries have posted output expansions of more than 5%,” Bank Group President Dr Akinwumi Adesina said, calling for larger pools of financing and several policy interventions to further boost Africa’s growth. Africa’s Macroeconomic Performance and Outlook, a biannual publication released in the first and third quarters of each year, complements the existing African Economic Outlook (AEO), which focuses on key emerging policy issues relevant to the continent’s development. The MEO report provides an up-to-date evidence-based assessment of the continent’s recent macroeconomic performance and short-to-medium-term outlook amid dynamic global economic developments. The latest report is calling for cautious optimism given the challenges posed by global and regional risks. These risks include rising geopolitical tensions, increased regional conflicts, and political instability—all of which could disrupt trade and investment flows, and perpetuate inflationary pressures. President Adesina emphasised that fiscal deficits have improved, as faster-than-expected recovery from the pandemic helped shore up revenue. He explained further: “This has led to a stabilisation of the average fiscal deficit at 4.9% in 2023, like 2022, but significantly less than the 6.9% average fiscal deficit of 2020. The stabilisation is also due to the fiscal consolidation measures, especially in countries with elevated risks of debt distress.” He cautioned that with the global economy mired in uncertainty, the fiscal positions of the African continent will continue to be vulnerable to global shocks. The report shows that the medium-term growth outlook for the continent’s five regions is slowly improving, a pointer to the continued resilience of Africa’s economies. Presenting the key findings of the report, the African Development Bank’s Chief Economist and Vice President, Prof. Kevin Urama said: “Growth in Africa’s top-performing economies has benefitted from a range of factors, including declining commodity dependence through economic diversification, increasing strategic investment in key growth sectors, and rising both public and private consumption, as well as positive developments in key export markets.” He added: “Africa’s economic growth is projected to regain moderate strength as long as the global economy remains resilient, disinflation continues, investment in infrastructure projects remains buoyant, and progress is sustained on debt restructuring and fiscal consolidation.” “The future of Africa rests on economic integration. Our small economies are not competitive in the global market. A healthy internal African trade market can ensure value-added and intra-African production of manufactured goods,” said Commissioner for Economic Development, Trade, Tourism, Industry and Minerals, African Union Commission, Ambassador Albert Muchanga. He assured that the MEO forecast, and recommendations will be made available to African heads of state and that the report will be useful when the African Union makes its proposals to the G20- an informal gathering of many of the world’s largest economies to which the African Union was admitted last year. The improved growth figure for 2024 reflects concerted efforts by the continent’s policymakers to drive economic diversification strategies focused on increased investment in key growth sectors, as well as the implementation of domestic policies aimed at consolidating fiscal positions and reversing the increase in the cost of living and boosting private consumption. Speaking remotely, Zimbabwe’s Minister of Finance and Economic Development, Prof Mthuli Ncube described the report as being “on point” and consistent with the reality in his country, describing it as useful for economic planning across Africa. He urged the African Development Bank to continue its thought leadership to help policymakers continue to build resilience to withstand shocks and drive growth. Ncube said: “Zimbabwe expects slower growth due to climate shocks in the region. Southern African countries depend on agriculture for economic growth, so climate-proofing agriculture is key. We are in talks with creditors to restructure its debt, which is slowing economic growth. Internally, the country will focus on economic and governance reforms and reforms around property rights to increase agricultural production.” Up to 41 countries across the continent will in 2024, achieve an economic growth rate of 3.8%, and in 13 of them, growth will be more than 1 percentage point higher than in 2023. Director of the Center for Sustainable Development, Columbia University Prof Jeffrey Sachs noted that long-term affordable financing must be part of Africa’s strategy to achieve growth of 7% or more per year and warned that Africa is paying a very high-risk premium for debt financing. He called for this point to be made to the G20. “Long-term development cannot be based on short-term loans. Loans to Africa should be at least 25 years or longer. Short-term borrowing is dangerous for long-term development. Africa must act as one, in scale,” he explained. Sachs, who is also the UN Secretary-General António Guterres’ Advocate for Sustainable Development Goals also called for a much larger African Development Bank, better resourced to meet Africa’s financing needs. Overview of economic outlook across regions The confluence of shocks notwithstanding, the resilience of the continent’s economies remains strong, with positive growth projected for the continent’s five regions. * East Africa: East Africa will continue to lead Africa’s growth momentum, with growth projected to rise to 5.1% in 2024 and 5.7% in 2025, supported by strong strategic investments to improve internal connectivity and deepen intra-regional trade. * North Africa: Successive adverse weather conditions and macroeconomic challenges will hold the region’s growth steady at 3.9% in 2024 with a slight improvement to 4.1% in 2025. * Central Africa: Growth is forecast to moderate to 3.5% in 2024 but projected recovery in private consumption and increases in mining investment and exports could help push growth to 4.1% in 2025. * Southern Africa: Growth will remain sluggish at 2.2 and 2.6% in 2024 and 2025, respectively. This reflects continued economic weakness in South Africa, the region’s largest economy. * West Africa: Growth is projected to pick up to 4 and 4.4% in 2024 and 2025 respectively. Strong growth in most countries in the region is projected to offset slowdowns in Nigeria and Ghana. The announced withdrawal of Burkina Faso, Mali, and Niger from the Economic Community of West African States (ECOWAS) casts a shadow over the sustainability of gains amid growing uncertainty. Driving faster and more sustainable economic growth The 2024 MEO says in the short term, tackling persistent inflation will need a mix of restraining monetary policy coupled with fiscal consolidation and stable exchange rates. The report identifies structural reforms and strategic industrial policies as key to accelerating economic diversification and strengthening the export sector. It recommends that countries invest more in human capital and pursue a resource-based industrialisation and diversification strategy that allows the continent to exploit its comparative advantage and build resilience to shocks. * 2024 Macroeconomic Performance and Outlook (https://apo-opa.co/3UHdVhm) * President Adesina’s speech (https://apo-opa.co/49H7oaV) * Pictures (https://apo-opa.co/48jUVZu) Distributed by APO Group on behalf of African Development Bank Group (AfDB). Media Contact: Emeka Anuforo Communication and External Relations Department media@afdb.org About the African Development Bank Group: The African Development Bank Group (AfDB) is Africa’s premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). On the ground in 34 African countries with an external office in Japan, the AfDB contributes to the economic development and the social progress of its 54 regional member states. For more information: www.AfDB.org Text copied to clipboard. ×Close AFRICAN DEVELOPMENT BANK GROUP (AFDB) The African Development Bank Group is Africa’s premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). On the ground in 41 African countries with an external office… More information * Facebook * Twitter * LinkedIn * Youtube * Flickr * Instagram Subscribe EMAIL, RSS, FTP AND MORE Media kit Download media kit MOST VIEWED * Source: African Development Bank Group (AfDB) | 13 days ago African Development Bank's Sustainable Energy Fund for Africa Invests $10 Million to Supercharge Climate Tech Innovation in Sub-Saharan Africa This catalytic investment aims to unlock $70 million in funding for African climate-focused ventures * Read more * Share * * * * * * * * * Favourite * Print * Source: African Development Bank Group (AfDB) | 10 days ago Madagascar: African Development Fund approves a grant of over $9 million to strengthen protection and sustainable use systems for natural capital and ecosystems The project will help secure the land in the protected areas concerned and support the local economy through income-generating activities * Read more * Share * * * * * * * * * Favourite * Print * Source: African Development Bank Group (AfDB) | 11 days ago Chad: New EUR 28 million African Development Bank-funded solar project to boost Chad's energy access The solar plants are expected to generate 61 gigawatt-hours of clean, reliable, and affordable energy each year responding to Chad’s energy deficit * Read more * Share * * * * * * * * * Favourite * Print * Source: African Development Bank Group (AfDB) | 12 days ago African Development Bank Group approves €139 million loan to boost youth employment in Côte d'Ivoire The initiative targets training more than 8,700 young people, with 50 percent being women, in five strategic sectors – renewable energy, digital economy, agribusiness, blue economy, and the textile and clothing industry * Read more * Share * * * * * * * * * Favourite * Print * Source: African Development Bank Group (AfDB) | 13 days ago The Pan African Farmers' Organization (PAFO) and African Development Bank Strengthen Partnership to Support Small-Scale Farmers The meeting culminated in plans to jointly host a High-Level Conference on Financing Small-Scale Farmers in the second quarter of 2025 * Read more * Share * * * * * * * * * Favourite * Print * Source: African Development Bank Group (AfDB) | 13 days ago African Development Bank's Sustainable Energy Fund for Africa Invests $10 Million to Supercharge Climate Tech Innovation in Sub-Saharan Africa This catalytic investment aims to unlock $70 million in funding for African climate-focused ventures * Read more * Share * * * * * * * * * Favourite * Print * Source: African Development Bank Group (AfDB) | 10 days ago Madagascar: African Development Fund approves a grant of over $9 million to strengthen protection and sustainable use systems for natural capital and ecosystems The project will help secure the land in the protected areas concerned and support the local economy through income-generating activities * Read more * Share * * * * * * * * * Favourite * Print PrevNext > It's not how much money is spent, but how many people's lives are being > improved. This map plots the 1300 geographical locations of the 227 #AfDB's > operations that were completed between 2014-2016 in each of the #High5s - the > Bank's five priority areas: Feed Africa, Light up and power Africa, > Industrialize Africa, Integrate Africa, Improve the quality of life for the > people of Africa. We are transforming Africa! . On mapafrica.afdb.org, you can > explore our 7000 project locations through the High 5s. . . Cette carte > interactive indique ce que fait la BAD et où en Afrique : 227 opérations sur > 1300 sites ont été achevées entre 2014 et 2016 dans chacune des High 5, les > cinq grandes priorités de la Banque : Nourrir l’Afrique - Éclairer l’Afrique > et l’alimenter en énergie - Industrialiser l’Afrique - Intégrer l’Afrique - > Améliorer la qualité de vie des Africains. Nous œuvrons à la transformation de > l'Afrique ! . Sur mapafrica.afdb.org, explorez les 7 000 localisations de nos > projets à travers nos High 5. . . . #AfDB #BAD #High5 #Africa #Afrique > #Development #Developmment #Transparency > > A post shared by African Development Bank Group (@afdb_group) on Oct 2, 2017 > at 10:43am PDT × LOGIN SORRY THIS FEATURE HAS BEEN DEACTIVATED. TO SUBSCRIBE TO AFRICA-NEWSROOM CONTENT, CLICK HERE. IF YOU WOULD LIKE MORE INFORMATION, CONTACT INFO (AT) APO-OPA.COM To Top