African economies to sustain growth despite political volatility

Africa's policy uncertainty coupled with political volatility is expected to remain heightened across key economies, according to the latest report by Control Risks. Speaking with CNBC Africa, Patricia Rodriguez, Associate Director, East Africa, Control Risks, discussed the findings of the report which present a mixed outlook for the continent. The Africa Risk Reward Index report aims to track the changing investment landscape in Africa, highlighting notable movements in both positive and negative directions. Mozambique appears to be on the upswing, driven by the potential restart of an offshore gas project. However, Senegal and Kenya have experienced setbacks, with economic impacts not meeting expectations and negative political headlines affecting growth prospects. Despite these challenges, the report suggests that the African outlook remains promising, with growth being driven by diversified economies and increased global interest in the mining sector. The continent's economic development is also projected to benefit from advancements in infrastructure and AI technology, though cautious optimism is advised due to the need for improved data quality and infrastructural development to fully harness AI's potential. The future holds promise for enhanced economic growth, if Africa can navigate policy uncertainty and leverage its resilience to global macroeconomic challenges.