THE RISE OF AFRICA: NATIONS THAT HAVE MADE STRIDES IN THE LAST FIVE YEARS

Over the past five years, several African nations have witnessed remarkable economic growth, driven by a combination of policy reforms, infrastructure expansion, foreign investment, technological advancements, and social progress. This transformation has been fueled by
improved governance, strategic investments in key sectors
like technology and agriculture, and strong international partnerships.

Despite global challenges such as the COVID-19 pandemic, inflation, and geopolitical tensions, these countries have navigated economic uncertainties and maintained impressive growth, securing their place among Africa’s fastest-growing economies.

Here are some of the standout nation’s leading Africa’s rise:
1. Niger – Fastest Growing Economy
Niger has experienced Africa’s highest GDP growth due to agricultural expansion, uranium mining, and energy
investments. The country has improved food production and increased exports, while new energy projects, including hydroelectric dams, are enhancing power supply.

KEY FACTORS:
 Agriculture: Expansion in crop production and irrigation
systems.
 Mining: Increased uranium production for export.
 Energy: Kandadji Dam for hydropower generation.
 Infrastructure: New road networks to improve trade

2. SENEGAL – OIL & GAS BOOM
Senegal’s economy is being transformed by oil and gas discoveries, along with expanding renewable energy and infrastructure projects. The Sangomar Oil Field and Grand Tortue Ahmeyim LNG project are major contributors to growth.

Key Factors:
 Oil & Gas: Sangomar and Grand Tortue Ahmeyim has fields.
 Renewable Energy: Scaling up wind and solar farms.
 Industrialization: Expansion of Dakar’s industrial zones.
 Infrastructure: Upgraded road networks and port
expansions.

3. Libya – Oil Sector Recovery Libya’s economy has recovered following an increase in oil production and foreign investments after years of instability.
The government is prioritizing infrastructure rebuilding, focusing on transport and power supply improvements.

Key Factors:
 Oil Production: National Oil Corporation’s expansion efforts.
 Foreign Investment: Increased economic collaborations with Europe.
 Infrastructure: Reconstruction of roads, bridges, and power grids.

For details download the African Handbook 1 here