Nairobi (HAN) October 14,2015 Geeska Video. Do you speak African? Well, neither do the 1 billion people on the continent.Africa is home to 54 different nations, more than 2,000 languages and four of the world’s 10 fastest growing economies, but is often painted with a sweeping stroke of doom and gloom. In this week’s Reality Check, Mehdi Hasan exposes popularmisconceptions about the African continent.
China’s crazy growth has been one of the biggest stories over the past several decades. But the Chinese economy certainly isn’t the only one posting huge growth rates. Ethiopia ranked the fastest growing economy in 2015- businessinsider
2015 GDP: +9.50%
2016 GDP: +10.50%
2017 GDP: +8.50%
2014-2017 GDP CAGR: +9.70%
Economy: Ethiopia’s economy is mostly agriculture-based, but the government has made a push to diversify into manufacturing, textiles, and energy generation. But while the country has seen and (per the World Bank) will continue to see high GDP growth, per capita income remains ones of the lowest in the world.