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Kenya poised to overtake Angola as fourth largest Sub-Saharan African economy

  • Kenya’s economy is projected to overtake Angola this year and become the fourth-largest economy in sub-Saharan Africa.
  • The fight for economic dominance between Kenya and Ethiopia is crucial in easing growing youth unemployment in Africa, and foreign direct investment (FDI) attraction is critical.
  • Nigeria remains the largest economy in the region, followed by South Africa and Ethiopia, which is expected to overtake Angola and Kenya to become the third-largest economy in sub-Saharan Africa.

Kenya’s economy is set to become the fourth-largest in sub-Saharan Africa, overtaking Angola this year, according to projections from the International Monetary Fund (IMF). While Angola, a major oil producer, is expected to experience a shrinking economy, Kenya’s economy is projected to grow by 5.3 per cent.

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