Key Facts

1.216 billion (2016)
Area: 30.37 million km²
GDP (PPP) 2014 estimate
- Total US$3.757 trillion
- Per capita $3,568
GDP (nominal) 2014 estimate
- Total $2.390 trillion
- Per capita $2,173
Currency 42 currencies

Africa is the world's second-largest and second-most-populous continent. At about 30.3 million km² including adjacent islands, it covers 6% of Earth's total surface area and 20.4% of its total land area

  • Kenya Large twin deficits but strong GDP growth trajectory



    Large twin deficits but strong GDP growth trajectory

  • Economic Overview



    IMF and private support help cope with financing needs

  • Economic Outlook Egypt A balancing act



    A balancing act

  • Côte d'Ivoire Global leader in cocoa production


    Côte d'Ivoire

    Global leader in cocoa production

  • Climate change laws around the world


    There has been a 20-fold increase in the number of global climate change laws since 1997, according to the most comprehensive database of relevant policy and legislation.

    The database, produced by the Grantham Research Institute on Climate Change and the Environment and the Sabin Center on Climate Change Law, includes more than 1,200 relevant policies across 164 countries, which account for 95% of global greenhouse gas emissions.

  • Congo Democratic Republic Security and stability concerns continue to limit commercial opportunities


    Congo Democratic Republic

    Security and stability concerns continue to limit commercial opportunities

  • Congo Another major African oil exporter facing headwinds



    Another major African oil exporter facing headwinds

  • Cameroon Growth is here, but you could have it so much better



    Growth is here, but you could have it so much better

  • Economic Overview Over-reliance on the primary sector causes exposure to exogenous factors


    Burkina Faso

    Concerns about domestic stability and regional security

  • Algeria Hydrocarbons, a blessing or a curse?



    Hydrocarbons, a blessing or a curse?

  • Japan in Africa Japan looks to grow its presence across Africa


    Between 2016 and 2018, Japan has pledged to invest $30 billion in Africa’s development, as it bids to join the likes of China and the US in the battle for influence on the continent.

    Competition in Africa is heating up, with Japan aiming to increase its presence and influence on the continent as it looks to make up ground lost to China since the turn of the century.

    Japan launched the Tokyo International Conference on African Improvment(TICAD) back in 1993, and since again has invested around $50 billion in Africa, a meagre sum at the same time as compared to China and the US.

  • Egypt Year in Review 2016


    The acceleration of a long-awaited reform programme and continued economic recovery, particularly in the retail and energy sectors, made 2016 a transitional year for Egypt.

    Funding approval

    On the back of the government making evolution on economic reforms, inclunding allowing the Egyptian pound to trade freely, in mid-November the IMF approved a $12bn bailout package.

  • South Africa Year in Review 2016


    South Africa’s economy faced an extra challenging year in 2016, as soft commodity prices, slow domestic request and an uncertain political outlook combined to limit increase, with prospects for the coming year expected to be only somewhat additional positive.

    Possible downgrade

    Allegations of mismanagement by President Jacob Zuma and uncertainty over economic policy continued to impact increase through 2016, causing two leading ratings agencies to put the government on notice of a possible downgrade in the new year.

  • Nigeria Year in Review 2016


    Lower hydrocarbons revenues, tight capital controls and currency volatility combined to make 2016 a challenging year for Nigeria.

    By December the country was in recession, facing its initial full-year contraction for almost three decades, with the IMF expecting Nigeria’s economy to shrink by 1.7%.

    Inflation, meanwhile, had climbed to an 11-year high by October. However, the outlook for 2017 appears brighter for what is still Africa’s major economy by GDP.

  • Ghana Year in Review 2016


    Soft commodity prices, disruptions to oil and gas production, and a depreciating currency saw Ghana’s economy slow in 2016, though the country’s new government is expected to benefit from a strong rebound over the coming year.

    Ghana closed out 2016 with a new chief of national. Nana Akufo-Addo, leader of the opposition New Patriotic Party (NPP), defeated John Dramani Mahama from the National Democratic Congress in the December presidential election.

    The NPP, which has outlined an intensely pro-business schedule, as well won a clear majority in the parliamentary election, with a net gain of 49 seats in the legislature, taking its total to 170 in the 275-seat body.

  • Gabon Year in Review 2016


    An ambitious project pipeline aimed at galvanising increase across several sectors of Gabon’s economy helped the country weather sustained low oil prices in 2016, while wide-ranging reforms are expected to support further diversification efforts in the new year.

    Though increase is expected to have dipped slightly in 2016, Gabon kept up its planned pace of development, investing in a raft of initiatives that are steering the country away from its reliance on oil.

  • A mouth-watering array of African foods


    African cuisine is as diverse as the hundreds of different cultures and groups that inhabit the continent. This diversity is reflected in the many local culinary traditions in terms of choice of ingredients, style of preparation and cooking techniques. Many of the dishes are also affected by the subsistence nature of living in many parts of the continent – you find farmers, herdsmen and fishermen everywhere. The crops they grow or the animals they keep thus affect the popular dishes in their regions.

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