Kenya excluded in top 20 fastest growing economies in 2024 as Uganda, Tanzania make it

In accordance to the report,  every African nation, with the exception of Sudan and Equatorial Guinea, is anticipated to demonstrate positive economic growth. This development positions Africa as the second-quickest advancing continent economically, as outlined in the report by the Economic Intelligence Unit (EIU).

The report projects Africa to emerge as the second-fastest-growing major region globally in 2024, trailing closely behind Asia, which will be primarily driven by the economic advancements of China and India, as articulated in a section of the report.

Senegal, Mauritania, Libya, Ivory Coast, Benin, Mozambique, and Togo are among the top 20 fastest-growing economies globally.

The noteworthy performance of these African nations is ascribed to the resource-intensive characteristics of their economies and the continent’s significant role as a major exporter of commodities.