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Having enjoyed blissful growth over the past decade, Nigeria was one of the fastest growing economies in the world, but it is not one of the 15 fastest growing economies in Africa for 2016.
In 2014 and early 2015, Nigeria was named the third fastest growing economy in the world by CNNMoney, with China and Qatar, taking the lead at 7.3 percent, 7.1 percent gross domestic product (GDP) growth.
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NELLY AND ASHANTI: IT'S OFFICIALHip-hop star NELLY has finally confirmed reports he is dating R&B singer ASHANTI, after over a year together.
Earlier this month, and expressed that the Murder Inc.
duo were actually the muses for "Helpless." "When I was writing that song, I was picturing it as Ashanti and Ja Rule," Lin revealed.
Madagascar, Zambia and Chad are expected to see a growth of 4.1 percent, 3.4 percent, 3.2 percent respectively.This development has become a point of concern for the IMF, and the World Economic Forum (WEF), which would be having its meeting on Africa later in May.“It is important to recognize the challenges that many African economies face – the commodities slump, currency devaluations and geo-security risks all threaten growth,” WEF explained.According to the International Monetary Funds (IMF) World Economic Outlook for 2016, as revised in April, the fastest growing economy in Africa for 2016 is Cote d’Ivoire and the slowest is Chad, which is expected to record negative growth.Cote d’Ivoire is expected to experience an 8.5 percent rise in GDP, while Nigeria’s neighbour, Chad, would see a -0.4 percent growth.