An economy in transformation
The mid-2020s outlook shows real momentum, though the phrase 'Africa is booming' needs care. The African Development Bank's 2026 outlook — launched at its Annual Meetings in Brazzaville under the theme of mobilising development financing at scale — projects 4.2% growth for 2026, after 4.4% in 2025. East Africa remains the fastest-growing region (around 5.9% in 2026) and West Africa is projected near 4.7%. Growth of around four percent is significant globally, but population growth means gains per person are smaller, and development remains uneven.