Sub-Saharan Africa's growth outlook improves

Sub-Saharan Africa's economic growth is projected to reach 4.3 percent in 2026, up from 4.1 percent in 2025, according to the World Bank. This increase is expected to be driven by several factors, including a recovery in commodity-exporting economies and stronger agricultural output.

Regional growth varies across the continent

In East and Southern Africa, growth is expected to rise from 3.7 percent in 2025 to 4.1 percent in 2026. Meanwhile, in West and Central Africa, growth should remain at 4.5 percent in 2026 before reaching an average annual rate of 4.7 percent in 2027-2028.

Economic gains fall short of lifting living standards

The World Bank notes that the increase in per capita income would remain too low to significantly improve living conditions. While the poverty rate, measured using the international threshold of 3 dollars per person per day in 2021 purchasing power parity, is expected to decrease slightly from 47.8 percent in 2026 to 47.1 percent in 2027, the absolute number of poor people is projected to continue increasing.

Risks threaten economic progress

The World Bank highlights risks to economic prospects, including conflicts in the Middle East, the decline in development aid, the high weight of debt service, and climate shocks related to the El Niño phenomenon. These factors could hinder the region's ability to achieve sustained growth and reduce poverty.

Recommendations for future development

The World Bank recommends investing more in human capital, improving access to electricity and connectivity, and strengthening skills, as well as leveraging artificial intelligence to address development challenges. These steps are seen as crucial for long-term economic resilience and growth.

Visa expands financial services in Senegal

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Mauritania aims to boost local rice production

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Dakar 2026 Youth Olympic Games prepares spectators

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UNESCO Congress addresses cultural and technological issues

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