U n rapport de la World Bank, published on Wednesday, April 5, 2023, announced that growth in sub-Saharan Africa remains weak, driven down by global economic uncertainty, the underperformance of the continent's largest economies, high inflation, and a strong deceleration in growth in investment.

To reduce extreme poverty and boost shared prosperity in the medium and long term, African governments need to focus more on macroeconomic stability, domestic revenue mobilization, and debt reduction and productive investments, in the face of worsening growth prospects and increasing debt levels. According to the latest edition of Africa's Pulse, the April 2023 economic update of World Bank for sub-Saharan Africa, economic growth in sub-Saharan Africa is expected to slow from 3.6% in 2022 to 3.1% in 2023.

The resumption of growth in Nigeria for 2023 (2.8%) remains fragile, with oil production remaining moderate, while economic activity in South Africa is expected to weaken further in 2023 (0.5% annual growth) due to the worsening of energy crisis. Real gross domestic product (GDP) growth in the Eastern and Southern Africa subregion would fall to 3.0% in 2023 from 3.5% in 2022, while gross domestic product (GDP) growth.