Forecast in mobile operator revenues by 2025, with an operator capex of $15.2 billion for the period between 2019 and 2020. Ethiopia and Rwanda round up the top three with 8.5% and 7.8% respectively with Tanzania, Uganda and Kenya being the other East African economies in the top 10.According to AfDB’s GDP data, East Africa remains the fastest-growing region in the continent and this will continue into 2019 and 2020.The AfDB’s 2019 African Economic Outlook says that, while North Africa leads in terms of growth recovery, East Africa is still the most dynamic region in the continent.“East Africa, the fastest growing region, is projected to achieve growth of 5.9 percent in 2019 and 6.1 percent in 2020 (table 1.2). Excluding South Africa, the continent’s largest economy, growth in Sub-Saharan Africa is forecast to rise to 6%.
“About half of the world’s fastest-growing economies will be located on the continent, with 20 economies expanding at an average rate of 5% or higher over the next five years, faster than the 3.6% rate for the global economy,” writes Brahima Coulibaly, director of Brookings’ Africa Growth Initiative.However, we must address the elephant in the room when it comes to African economies in 2019 and that is of course, rising debt.We’re coming to the end of a decade of cheap debt which some African countries piled on in the latter half of that decade. Now other countries are following suit. After graduating from the University of Chester with a BA in journalism, his travels revealed just how large the gap between news and the real world can be. Spending his early years in both England and Northern Ireland he saw the difference between reality and media coverage at an early age. The good news is that in 2019, like in 2018, Sub Saharan Africa will be home to several of the world’s fastest-growing economies, according to the IMF. One of the biggest challenges for African nations will be creating enough jobs for their rapidly growing populations.Africa’s working-age population is set to grow from 705 million in 2018 to 1 billion by 2030 and ensuring there are enough jobs for them is going to be difficult. Both are recovering from a pretty tough 2018 and both have presidential elections this year.Nigeria is expected to see an expansion of 2.3%—better, but not much, than the 1.9% of 2018. It’s going to add pressure on public services such as education and healthcare – both of which are important when it comes to providing people with work skills, as well as keeping them fit and healthy.As the AfDB points out in its report, African nations are going to have to work together to overcome these problems – starting with improving intra-African trade, opening up borders for business travel and boosting relations.
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