Kenya economy to overtake Angola's in IMF forecast
Nairobi, April 23 -- Kenya will overtake Angola to become the fourth largest economy in sub-Saharan Africa this year, behind South Africa, Nigeria, and Ethiopia, a forecast by the International Monetary Fund (IMF) shows.
The forecast sees Kenya maintaining that position until the end of 2029.
Last year, Kenya's GDP was estimated to have grown to $108.9 billion (Sh15.14 trillion, using the current exchange rate) from $113.7 billion (Sh13.37 trillion on the existing rate then) in 2022.
Ethiopia, which has extended its lead over Kenya, is projected to overtake Nigeria in two years to become the second-largest economy in the region.
The size of the Ethiopian economy - which was smaller than Kenya's in 2020 - continued to grow and is estim...
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