Ethiopia is now Africa's fastest growing economy

By Chris Giles, CNN

Updated 1031 GMT (1831 HKT) April 24, 2018

Chat with us in Facebook Messenger. Find out what's happening in the world as it unfolds.

A view of the capital of Ethiopia, Addis Ababa. The country has experienced fast economic growth in the last decade, averaging around 10% a year. Economists cite the country's manufacturing industry as a key element in the country's success.
Photos: Africa's fastest growing economies
Ethiopia – A view of the capital of Ethiopia, Addis Ababa. The country has experienced fast economic growth in the last decade, averaging around 10% a year. Economists cite the country's manufacturing industry as a key element in the country's success.
Hide Caption
1 of 8
According to the IMF, Ivory Coast's economy is expected to grow by 7.4%. According to the <a href="http://www.worldbank.org/en/country/cotedivoire" target="_blank">World Bank</a>, the country is world's top exporter of cocoa and raw cashew nuts.
Photos: Africa's fastest growing economies
Ivory Coast – According to the IMF, Ivory Coast's economy is expected to grow by 7.4%. According to the World Bank, the country is world's top exporter of cocoa and raw cashew nuts.
Hide Caption
2 of 8
The small and landlocked country Rwanda is predicted to grow by 7.2%. The aim of their "Vision 2020" plan is to transform the country into a service and knowledge-based economy.
Photos: Africa's fastest growing economies
Rwanda – The small and landlocked country Rwanda is predicted to grow by 7.2%. The aim of their "Vision 2020" plan is to transform the country into a service and knowledge-based economy.
Hide Caption
3 of 8
Senegal's economy is based on fishing, mining and agriculture. Its economy is expected to expand by 7% in 2018.