{"id":15878,"date":"2022-05-05T17:07:27","date_gmt":"2022-05-05T17:07:27","guid":{"rendered":"http:\/\/egrowonline.com\/?p=15878"},"modified":"2022-05-05T17:07:27","modified_gmt":"2022-05-05T17:07:27","slug":"africa-economic-growth-without-ripple-effect-business-africa","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=15878","title":{"rendered":"Africa: Economic growth without ripple effect [Business Africa]"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p><strong>Welcome to Business Africa, I am Ruth Lago. The headlines this week:<\/strong><\/p>\n<p>-The economic growth in Sub-Saharan Africa in the third quarter of 2021 outdid the projections. What\u2019s behind this surprise rebound when the continent grappled with the effects of Covid and conflicts.  <\/p>\n<p>-From a 3.8% economic growth in 2020 to 7.2% in 2021, Benin has experienced spectacular growth according to the latest figures from the national institute for demographic studies and statistics.<\/p>\n<p>-And lastly Uganda. Thanks to the wide range of tourist attractions, the country reported a record boom in domestic tourism. This growth could help reduce the unemployment rate in the long run.<\/p>\n<p><strong>No domino effect for Africa&#8217;s economic growth<\/strong><\/p>\n<p>According to the International Monetary Fund&#8217;s latest report on economic prospects for Sub Saharan Africa, 2022 will be less appealing. The body is concerned about a potential food crisis and states barely have any leeway. One achievement in 2021 however is worth noting, Sub Saharan Africa recorded a slight growth.  <\/p>\n<p>To get more on this, Sir Abebe Selassie joins us. He is the director of the African Department at the International Monetary Fund in Washington.<\/p>\n<p><strong>Benin: Africa&#8217;s fastest-growing economy<\/strong><\/p>\n<p>It\u2019s what you can call spectacular growth. Benin recorded a 7.2% economic growth in 2021. How did the West African country achieve this boom? Our correspondent in Cotonou, Romuald Vissoh, has more on this story.  <\/p>\n<p><strong>Tourism or the secret to Uganda&#8217;s resilient economy<\/strong><\/p>\n<p>Let us look at another success story. This time we are heading to Uganda where the tourism sector helped reduce the unemployment rate during the Covid lockdowns. A growing number of Ugandans are visiting natural parks and the renowned Lake Victoria<\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.africanews.com\/2022\/05\/05\/africa-economic-growth-without-ripple-effect-business-africa\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Welcome to Business Africa, I am Ruth Lago. The headlines this week: -The economic growth in Sub-Saharan Africa in the third quarter of 2021 outdid the projections. What\u2019s behind this surprise rebound when the continent grappled with the effects of Covid and conflicts. -From a 3.8% economic growth in 2020 to 7.2% in 2021, Benin [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":15879,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[45],"tags":[852,17,3018,395,454,265],"class_list":["post-15878","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-africa","tag-business","tag-economic","tag-effect","tag-growth","tag-ripple"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/05\/1024x538_cmsv2_6240cbb1-8def-5b81-a090-578bfd616424-6674660.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/15878","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15878"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/15878\/revisions"}],"predecessor-version":[{"id":15880,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/15878\/revisions\/15880"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/15879"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15878"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15878"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15878"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}