Johannesburg/Abuja/Lagos — Growth in Africa’s two largest economies may be sputtering along but that won’t stop the continent’s GDP from expanding at the fastest pace since at least 2012.
Nigeria’s GDP will expand by 2.3% in 2019, which is below the rate of population growth, as the government struggles to reduce the nation’s oil dependence and attract foreign investment. SA’s expansion will be even slower, at 1.7%, as the continent’s most industrialised economy battles to recover from 2018's recession. Both countries are in the AfDB’s list of the 10 slowest-growing economies.
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