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Ethiopia Set To Become Africa’s Fastest Growing Economy In 2019

AFRICANGLOBE - Ethiopia will grow 8.5 percent this fiscal year, which will end on July 7, 2019, according to the economic outlook for Africa, published by the International Monetary Funds (IMF). The second country in that indicator will be Rwanda with a predicted 7.8-percent growth, while Senegal will occupy the third position with 6.7 percent.

Value Addition Key In Africa’s Growth Story

AFRICANGLOBE - Africa must invest in technology transfer models to strengthen value addition of its products to move away from selling raw materials, experts have said at the ongoing AU summit in Kigali. Despite talk of Africa’s critical need to strengthen its industrialization to create jobs and move millions out of poverty, the bloc has continued to export raw materials something that has left many African economies behind, although many are endowed with natural resources.

Africa’s Ten Fastest Growing Cities

AFRICANGLOBE - Africa’s fastest growing city is Lagos, in Nigeria with 77 people increasing per hour according to the United Nations The population surge is from high birth rates, Nigerians living abroad returning home and majorly by the rural poor going to the city due to its strong economic growth and oil boom.