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Debate: Taking Stock of Africa’s Economic Outlook

  • Guildhall 71 Basinghall Street London, England, EC2V 7HH United Kingdom (map)

Despite steering clear of severe market turbulence amid post-pandemic challenges and geopolitical shifts, Africa faces a complex economic landscape in 2024.

Growth prospects are subdued by instability, lacklustre performance in major economies, and a backdrop of global economic uncertainty. In 2023, economic growth on the continent decelerated to 2.5%, and while a modest improvement is forecast at about 4% in 2024, it remains below pre-pandemic growth levels.

The shadow of debt also looms large, with many countries grappling with high external debt risk or already entrenched in debt-related issues. Still, glimmers of optimism are apparent: inflation is expected to recede, and prudent macroeconomic policies are bolstering fiscal balances in key markets. In this session, speakers will take stock of Africa's economic outlook, discussing and debating key trends and opportunities that investors need to consider in 2024 and beyond.

Speakers:

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Fireside Chat: Investing in Africa – Navigating Risk and Reward

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Fireside Chat: Trade, Investment, and Climate Resilience in Africa