Southern Africa was the hardest-hit sub-region during the COVID-19 pandemic causing regional GDP growth to contract significantly. Thus, these diverse economies are entering 2023 at various stages of economic recovery and development. A central theme for this year will be how countries in the sub-region can become less reliant on fossil fuels and investment opportunities in the renewable energy sector. Specifically, the region is being hit the hardest by disruptions in global supply chains as an upshot of the Russia-Ukraine conflict, increasing the need to diversify exports.
Source : Invest Africa Insights