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Angola economy to surpass Kenya in latest IMF forecast

In Kenya, economic activity has slowed down across multiple sectors amid a credit crunch as expensive bank loans dim demand for advances.

Photo credit: Shutterstock

By  Dominic Omondi

Business Reporter

Nation Media Group

Angola Is poised to overtake Kenya as the fourth-largest economy in sub-Saharan Africa by 2025 on the back of improved production and prices of oil, the International Monetary Fund (IMF) shows.

The IMF forecast indicates that the Angolan economy will expand to $118.409 billion (Sh15.3 trillion) next year compared to Kenya’s $116.662 billion (Sh15.08 trillion).

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