The African Development Bank Group President, Sidi Ould Tah, has said 12 of the world’s 20 fastest-growing economies are in Africa.

Tah said this while inaugurating the 2026 African Economic Outlook of the bank at the ongoing AfDB Annual Meetings in Brazzaville on Tuesday.

“The report says African economies continue to demonstrate resilience in spite of global geopolitical tensions, trade uncertainties and declining development assistance.

“Africa’s real Gross Domestic Product (GDP) growth stabilised at 4.3 per cent in 2026 and is projected to rise to 4.5 per cent in 2027.

“The performance highlights the continent’s growing economic dynamism in a challenging global environment. Africa’s GDP per capita growth has also continued to improve,” he said.

According to Tah, foreign direct investment rebounded strongly in 2024, increasing by 75 per cent to $97 billion.