Is Africa a good investment for the 2020s? | The Guardian Nigeria News - Nigeria and World News

Africa as a continent has seen impressive economic growth in recent years. Many countries in the continent are thriving whilst others are still struggling with civil war or terrorism. In this guide, we identify the industries and countries that are currently experiencing growth and most importantly are becoming politically stable. In development terms, there are…

Even with COVID, many African nation’s GDP is growing 5-8% year on year. The highest growth is Libya, which is seeing the Government taking place instead of warlords. The figure for 2020 growth was 131%. However, Libya is an anomaly and is still considered a failed state so it will not be included in this guide.

Through the leadership of Paul Kigame, Rwanda’s thriving industries are banking, construction, and tourism. Rwanda has seen its economy grow 9.4% in 2019 according to the. With Kigame securing a third term in 2018 until 2025, the country is a shining light and a great role model for other small African countries to follow.

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