According to IMF estimates Kenya surpassed Angola as sub-Saharan Africa’s third-largest economy in dollar terms.

According to the IMF report, Angola’s economy has been contracting by 1.4% every year since 2016 as its oil output has declined, recent global decrease in demand for oil has also been a factor and the recent corona virus pandemic has had devastating effects to the West African country’s economy.

Source: International Monetary Fund

Meanwhile Kenya’s shilling has held steady inspire of the coronavirus pandemic and its economy is projected to grow by 1% according to the IMF.

Source: Bloomberg

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