Nigeria has been named Africa’s largest economy for the second year in a row by multinational professional services network PricewaterhouseCoopers (PwC).
The auditing firm disclosed this in the latest edition of its Nigeria’s economic outlook titled: “Top 10 Themes for 2019,” distinguishing the Nigerian economy from other seven.
Nigeria led the pack in the western part of the continent with Kenya falling short to Ethiopia in the East African region. The level of competition in East Africa was quite tight with various sectors accounting for the hefty foreign investments.
Other than agriculture which is the spine of many African economies, the report noted that the aviation and oil sector are contributing heavily to the economies. Egypt led in North Africa while South Africa led southern African countries as it is recovering from economic recession to be a competitive investment hub.