All economic information of African countries
Despite the removal of customs duties on 98% of products imported from 18 African countries in 2022, the trade balance remains in surplus in favor of China, whose exports to the continent are dominated by finished products.
In Africa, the requirements of the energy transition raise fears of the planned withdrawal of foreign capital from fossil fuels. However, the needs for energy production and demand have never been higher.
In 2021, growth in sub-Saharan Africa, the main driver of African growth, was estimated at 4%, according to the World Bank. However, this upward trend should be affected by the consequences of the Russian-Ukrainian crisis which is already impacting consumer prices.
