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Africa's four largest economies

Africa's four largest economies

Amid considerable uncertainty across much of the world economy, Africa stands out as a relatively bright spot, with abundant signs of sustained growth in spite of setbacks over Ebola, governance and sometimes endemic conflicts. OMFIF has surveyed the four largest African economies, Algeria, Egypt, Nigeria and South Africa, all open to the vicissitudes of the global economy and in particular the decline in the oil price.

In a poll of the OMFIF Advisory Board in January, 36% of respondents said they had a positive view of Africa in the next two to three years, with 11% holding an adverse opinion and 53% saying they were neutral. South Africa fared well with only 3% of respondents holding negative views, compared to 55% for Nigeria.  Opinion was more broadly split on Egypt, with 38% voicing positive opinions and 52% negative. The salient points of these four countries’ economic performance, together with the individual findings for the Advisory Board poll, are set out below.

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