Kenya Passes Angola as Sub-Sahara Africa’s 3rd Economy

Kenya has topped Angola as sub-Saharan Africa’s third-largest economy in dollar terms, according to the International Monetary Fund estimates.

Angola has contracted every year since 2016 as oil output declined, and the kwanza was devalued in 2019 while Kenya’s shilling held steady.

The COVID-19 pandemic and restrictions to limit its spread will probably see Angola’s gross domestic product contract 1.4% in 2020, while Kenya’s is projected to grow by 1%, according to the IMF.

Bloomberg reports that Angola has contracted every year since 2016 as oil output declined, and the kwanza was devalued in 2019 while Kenya’s shilling held steady.

Benn

I am a global citizen passionate about Africa and all her beauties. I love adventure agribusiness, entrepreneurship, and the sweet African soil and culture. An accountant by profession and public auditor. I love being legit and real.

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