- Fitch: Nigerian Bank Ratings Sensitive to Sovereign, Operating Environment
- Shaping the Future of Banking in Southern Africa: Innovation, Connectivity, and Financial Resilience
- BRVM Investment Days returns to London
- The 20th Edition Connected Banking Summit - Innovation & Excellence Awards 2025
- Industry Leaders and Sponsors Driving Innovation at the 20th Connected Banking Summit – East Africa 2025
‘Ethiopia to overtake Kenya as Eastern Africa’s top economy’

ADDIS ABABA (Capital Markets in Africa)- Ethiopia’s economy is expected to overtake Kenya’s this year, buoyed by massive government spending on infrastructure that has kept the Horn of Africa nation in the list of the world’s fastest economies in the past 10 years.
The International Monetary Fund’s (IMF) latest statistical estimates indicate that Ethiopia’s gross domestic product (GDP) is forecast to grow from $61.62 billion in 2015 to $69.21 billion this year, narrowly beating Kenya’s output which is expected to rise from $63.39 billion to $69.17 billion over the same period.
“Ethiopia has experienced double-digit economic growth, averaging 10.8 per cent since 2005, which has mainly been underpinned by public-sector-led development,” the African Development Bank, the OECD Development Centre and the United Nations Development Programme say in the latest African Economic Outlook report.
Read more: ‘Ethiopia to overtake Kenya as Eastern Africa’s top economy’ – Business Daily Africa