Top 8 fastest growing economies in Africa

A view of the capital of Ethiopia, Addis Ababa. The country has experienced fast economic growth in the last decade, averaging around 10% a year. Economists cite the country's manufacturing industry as a key element in the country's success.

ETHIOPIA – The country has experienced fast economic growth in the last decade, averaging around 10% a year. Economists cite the country’s manufacturing industry as a key element in the country’s success.

According to the IMF, Ivory Coast's economy is expected to grow by 7.4%. According to the <a href="http://www.worldbank.org/en/country/cotedivoire" target="_blank">World Bank</a>, the country is world's top exporter of cocoa and raw cashew nuts.

IVORY COAST – According to the IMF, Ivory Coast’s economy is expected to grow by 7.4&. According to the World Bank, the country is the world’s top exporter of cocoa and raw cashew nuts.

The small and landlocked country Rwanda is predicted to grow by 7.2%. The aim of their "Vision 2020" plan is to transform the country into a service and knowledge-based economy.

RWANDA – The small and landlocked country Rwanda is predicted to grow by 7.2%. The aim of their “Vision 2020” plan is to transform the country into a service and knowledge-based economy.

Senegal's economy is based on fishing, mining and agriculture. Its economy is expected to expand by 7% in 2018.

SENEGAL – Senegal’s economy is based on fishing, mining and agriculture. Its economy is expected to expand 7% in 2018.

The East African nation is predicted to grow by 6.4% this year. The country has sustained strong economic growth in the last decade, averaging between 6 to 7% according to the <a href="http://www.worldbank.org/en/country/tanzania/overview" target="_blank">World Bank</a>.

TANZANIA – The East African nation is predicted to grow by 6.4% this year. The country has sustained strong economic growth in the last decade, averaging between 6 to 7% according to the World Bank.

Ghana was previously the fastest growing economy in Sub-Saharan Africa, but has slowed. Although, a sharp increase in oil production has helped support economic growth in the country.

GHANA – Ghana was previously the fastest growing economy in Sub-Saharan Africa, but has slowed. Although, a sharp increase in oil production has helped support economic growth in the country.

The West African country, Benin, is expected to have economic growth of around 6%.

BENIN – The West African country, Benin, is expected to have economic growth of around 6%.

The landlocked West African country is also expected to experience economic growth of 6% this year.

BURKINA FASO – The landlocked West African country is also expected to experience economic growth of 6% this year.


SOURCE: CNN

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