Africa's average gross domestic product growth is projected at 4.2 percent in 2026, down from 4.4 percent in 2025, according to the African Economic Outlook 2026 report released by the African Development Bank (AfDB).
The report, launched Tuesday in Brazzaville, the capital of the Republic of the Congo, during the 61st AfDB Annual Meetings, noted that significant regional disparities in economic growth remain across the continent.
East Africa is expected to lead with growth of 5.9 percent in 2026, followed by West Africa at 4.7 percent. Central Africa is projected to grow by 3.8 percent, supported by oil revenues, while southern Africa is expected to lag behind with growth estimated at 2.1 percent, weighed down by declining mining output and rising energy costs.
The report stressed the need for Africa to accelerate domestic resource mobilization, deepen and integrate national financial systems, develop capital markets, and strengthen its agency in the global financial system.
AfDB President Sidi Ould Tah said African countries should make more effective use of financing from the diaspora and natural capital, while strengthening Africa's agency in global finance and sovereign risk assessment to ensure financing arrangements better reflect the continent's realities, priorities and long-term development aspirations.
AfDB forecasts Africa's economic growth at 4.2 pct in 2026
Global observers have welcomed the recent summit between Chinese President Xi Jinping and U.S. President Donald Trump, emphasizing that a stable, healthy relationship between the world's two largest economies is essential for global peace and development.
Xi concluded a three-day state visit to the United States on Friday, where he and Trump reaffirmed their commitment to a constructive, strategically stable relationship guided by fairness, reciprocity, and mutual respect.
Ko Ko, chair of the Myanmar Narrative Think Tank, expressed optimism that the two major powers can work together to foster global development and steer the international community toward a stable, prosperous, and peaceful future.
"The world today faces many destabilizing factors and conflicts. If China and the United States, as two major powers, join hands to promote world peace and development, they can help move the world toward greater stability, prosperity, and peace. The two countries should avoid conflict and pursue cooperation, especially in economic and trade fields, thereby contributing to global development," said Ko Ko.
"President Xi uses 'giant ship' to describe China-U.S. relations. I think it's a very appropriate metaphor as giant ship signifies stability and long-term vision, as well as a journey toward a broader future," said Omar Tahboub, editor-in-chief of Olives Green Times (OGT).
Experts also emphasized that as the world's two largest economies, China and the United States carry a collective responsibility to address pressing global challenges through sustained cooperation.
"In my view, I would argue that this strategic new vision, it's very important in the context of U.S.-China relations. And this is because the vision emphasizes the need for cooperation. In terms of cooperation, given the fact that both countries are the largest economies globally, both countries are the most influential countries globally. It is important for them to cooperate and it's also in the realization of the fact that despite their differences, there are areas of mutual interest," said Dr. Oluwaseun Tella, director of the Future of Diplomacy at the University of Johannesburg's Institute for the Future of Knowledge.
"There's that kind of understanding, it seems between the Chinese leadership and the American leadership that conflict between the two countries ought to be avoided. That there are benefits to cooperation; that there needs to be a positive atmosphere; that there has to be an enhancement of trust and so one can hope that both parties are working assiduously to address those very major issues," said Aurel Braun, professor of International Relations and Political Science of University of Toronto.
"When we talk about China and the US. These are obviously two world powers that do influence a lot of the economic shifts that happen country or worldwide. So, it's important that obviously there is cooperation [and] coordination," said Natalie Kaunda, an economist and development expert in Zambia.
Beyond economic and diplomatic frameworks, former Greek Foreign Minister Georgios Katrougalos emphasized the role of people-to-people exchanges in building lasting bilateral stability.
"I was very much impressed by the idea and proposal of President Xi that 100,000 young Americans would visit China. Exactly because if we want to build stable bilateral relations, there is now stable ground that people know other people, especially young ones," said Katrougalos.
Global observers welcome Xi-Trump summit, calling stable US-China ties essential for world peace
