Move over Nigeria and South Africa, 2017 belongs to francophone countries

Posted on January 06 2017 , at 01:33 pm
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  • Countries like Benin, Togo, Senegal and Cote d'Ivoire have better prospects than Nigeria and South Africa.

A skyline view of Abijan, Cote d'Ivoire
A skyline view of Abijan, Cote d’Ivoire

While Europe and America brace for the envisaged effect of last year’s Brexit and the uncertainty embodied by the presidency of Donald Trump that makes 2017 likely to be tumultuous for those places, some African countries are set to see remarkable growth in their economies.

According to a report by Richard Attias & Associates, only counties that diversify their economies stand a chance to be successful this year. Attias believes that countries that will enjoy real growth in the year ahead are those focusing on renewable energy, as well as those moving towards industrialization and manufacturing.

However, the two biggest African economies – Nigeria and South Africa – are unlikely to have a good year. Corruption scandals and political volatility have dampened both countries prospects.

Consequently, this  development has placed francophone countries like Senegal, Togo, Benin and Cote d’Ivoire in good stead to witness economic prosperity.

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