Central Africa
Growth in Central Africa is estimated at 4.7 percent in 2022, up from 3.6 percent in 2021. The broad based growth benefitted from high commodity prices for a region with net exporters of crude oil, minerals, and other commodities.
Growth is projected to decline slightly to 4.3 percent in 2023 and to stabilize at 4.2 percent in 2024 as global demand picks up and domestic conditions strengthen to support consumer demand and investment, following pandemic induced risk aversion.
Real GDP in Democratic Republic of Congo and Equatorial Guinea grew the fastest in 2022, expanding by 6.6 percent and 5.5 percent, respectively.
Equatorial Guinea was among those most affected by the pandemic, with prolonged contractions extending into 2021, so its rapid expansion in 2022 reflected a recovery toward its previous growth path.
Central Africa Outlook at a Glance
West Africa comprises 15 countries, with Nigeria alone accounting for roughly two-thirds of the region’s GDP. Half the countries in the region are classified as fragile and face a multiplied burden from the coronavirus, which could undermine development, peace, and social cohesion.
Events
Addressing the challenges of peace, security and governance.
Development Projects
Humanitarian support to Nigerians internally displace persons:
Leadership & Governance
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Industry Groups
Events
Development Projects
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