Africa : an economic boom
The African continent is the second fastest growing economic region, after Asia. According to the World Bank, GDP in sub-Saharan Africa grew by an average of about 4 % per year between 2000 and 2019.
In 2020, the health crisis led to the region's first recession in 25 years, with a 3.7 % drop in GDP.
For 2021, Africa is expected to experience a modest but encouraging rebound, with a growth forecast of 2.7 % according to the Bretton Woods institution.
BANK OF AFRICA was the first Moroccan bank to expand in sub-Saharan Africa since the 1980s and is now the second largest in terms of geographical coverage, with operations in 21 countries across all regions of the continent.