- 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.
