
Citi GPS
Sustainability
Africa
When we wrote about Africa in 2015, the story was "Africa Rising." But with a sharp pull back in commodity prices since then and rising fiscal deficits, then COVID-19, the trajectory of growth and debt deteriorated. What is the new growth model for Africa? We look at the medium and longer-term growth prospects for Africa, including its population conundrum and whether agriculture and services can drive a new African growth model as well as the infrastructure and power challenge as well as the developments in financing.