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Nigeria's GDP will increase by 2.3% in 2019, which is below the population growth rate, as the government struggles to reduce the country's oil dependence and attract foreign investment.
South Africa's expansion will be even slower, at 1.7%, as the continent's most industrialized economy struggles to recover from last year's recession. Both countries are on the list of the 10 lowest growth economies of the AfDB. Project oneself
Economic growth in East Africa will continue to exceed the rest of the continent
As the West and West African powers struggle to gain momentum, the continent's economic growth will once again be driven by East Africa, which will the fastest growing region for the fifth year in a row.
Ethiopia, Kenya, Rwanda and Tanzania are all on the list of the 10 most dynamic economies of the ADB in 2019.
Egypt, the largest economy after Nigeria and South Africa, will also contribute to growth. Production in the Arab Republic's most populous country will increase by around 5.5 percent this year as structural government reforms attract more investment.
South Africa's slow growth, which affects neighboring countries, is due to weak growth in Southern Africa, the AfDB said.
The outlook for West Africa is more optimistic, but could be clouded by risks, including uncertainty over global commodity prices and security concerns in some countries, said the lender.
-Bloomberg
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