A new report on Africa’s economic performance has ranked Ethiopia, Rwanda, and Côte d’Ivoire among the continent’s fastest-growing economies, reflecting resilience and reform-driven growth despite global headwinds.
The ranking, based on GDP growth data and forecasts from multilateral financial institutions, highlights countries that are outpacing regional averages through diversification, infrastructure investments, and policy reforms.
Ethiopia, supported by expansion in construction, agriculture, and manufacturing, maintained its position as a continental growth leader. Rwanda followed closely, with consistent gains driven by its services sector, digital economy, and pro-business policies. Côte d’Ivoire also recorded strong growth, buoyed by its cocoa exports, energy projects, and improved investment climate.
Other countries featured in the top tier include Tanzania, Senegal, Uganda, and Ghana, each leveraging sectors such as natural resources, renewable energy, and financial services to accelerate economic performance.
Economists note that Africa remains one of the world’s most dynamic regions, with several economies projected to grow above the global average. However, they warn that challenges such as high debt burdens, inflationary pressures, and geopolitical risks could temper growth if not addressed.
The ranking is expected to shape investor interest in Africa, spotlighting opportunities in emerging markets that continue to show promise despite global uncertainty.