A Wagner flag displayed by supporters of Niger's coup leaders on 2 September 2023, as they demanded the departure of the French army from Niger.The World Bank says Sub-Saharan Africa's economic growth is decelerating, to 2.5% down from last year's earlier projected 3.6%.
The World Bank flagged climate change, coups, violent extremism, and growing debt as the major contributors to poverty in Africa, as the continent's economic growth de-accelerated to 2.5%, from last year's earlier projected 3.6%. In late August, African academics, economics, and civil society gathered in Dakar, Senegal, for the third edition of the African Conference on Debt and Development .was that to adequately address the growing debt crisis, Africa needed to re-imagine, rethink, re-organise, and remobilise for an African world order.
The Africa's Pulse report also says slow growth in Sub-Saharan Africa has resulted in delayed poverty reduction and insufficient jobs. "Africa must create green growth by adding value to its green minerals. This green growth through green minerals must be central to Africa's SDG rescue strategy. Africa also needs scaled-up concessional financing to regain momentum on the SDGs and the Agenda 2063," he said.