Photo credit: northafricapost.com
According to the data from the International Monetary Fund (IMF), most of the fastest-growing economies in 2026, with GDP growth rates surpassing 6%, will be located on the African continent.
Growth rates in countries such as Rwanda, Uganda, and Ethiopia will exceed 7%, while South Sudan and Guinea will achieve double-digit GDP growth due to a boom in oil and mineral production, News.Az reports, citing local media.
At the same time, according to IMF experts, Africa should pay attention to the impact of negative factors such as the effects of global warming, political instability, and high external debt. By 2026, countries on the continent will have to repay creditors nearly $95 billion.
Countries like Kenya will be forced to dedicate up to 20% of their budgets to servicing external debt. Despite the influx of foreign investment, some countries, such as the Central African Republic, will remain among the least electrified on the planet.