
In 2019, for the first time in a decade, investment expenditure, rather than consumption, accounted for more than 50 per cent of GDP growth. (Image source: Gerd Altmann/Pixabay)
Africa’s economic growth remained stable in 2019 at 3.4 per cent and is on course to pick up to 3.9 per cent in 2020 and 4.1 per cent in 2021, according to the African Development Bank’s (AfDB) 2020 African Economic Outlook (AEO)