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World Bank Group TICAD Seminar Series #34 (World Bank Tokyo Online Morning Seminar #165) “Africa’s Pulse: An Analysis of Issues Shaping Africa’s Economic Future – April 2023 edition”

May 10, 2023

Growth across Sub-Saharan Africa remains sluggish, dragged down by uncertainty in the global economy, the underperformance of the continent’s largest economies, high inflation, and a sharp deceleration of investment growth.  In the face of dampened growth prospects and rising debt levels, African governments must sharpen their focus on macroeconomic stability, domestic revenue mobilization, debt reduction, and productive investments to reduce extreme poverty and boost shared prosperity in the medium to long term. Economic growth in Sub-Saharan Africa is set to slow from 3.6% in 2022 to 3.1% in 2023, according to the latest Africa’s Pulse, the World Bank’s April 2023 economic update for Sub-Saharan Africa. Economic activity in South Africa is set to weaken further in 2023 (0.5% annual growth) as the energy crisis deepens, while the growth recovery in Nigeria for 2023 (2.8%) is still fragile as oil production remains subdued. The real gross domestic product (GDP) growth of the Western and Central Africa subregion is estimated to decline to 3.4% in 2023 from 3.7% in 2022, while that of Eastern and Southern Africa declines to 3.0% in 2023 from 3.5% in 2022.

At this seminar, Cesar Calderon, Lead Economist, Office of the Chief Economist for Africa Region, shared the main findings of the report. 


8am-9am, Wednesday May 10, 2023 (Japan Standard Time)


Cesar Calderon
Lead Economist, Office of the Chief Economist for Africa Region, World Bank

Presentation material

AFRICA UPDATE : Africa's Pulse vol. 27 - Leveraging Resource Wealth During The Low Carbon Transition (PDF)


Related Seminars

World Bank Group Morning Seminar


  • Date/Time: 8am-9am, Wednesday May 10, 2023 (Japan Standard Time)
  • FORMAT: Online (Youtube) *No registration is required
  • LANGUAGE: English (no interpretation to Japanese)
  • CONTACT: Koichi Omori, World Bank Tokyo