A new report from the World Bank projects that Ethiopia, Nigeria, and Côte d'Ivoire will register stronger economic growth in 2025.

The Bank's latest biannual Africa's Pulse report, released yesterday, indicates that these three major continental economies are on track for rapid economic expansion this year and next. The report also forecasts that growth across the entire Sub-Saharan Africa (SSA) region will reach 3.8 percent in 2025.

The improved outlook is driven by increasing price stability in the region, which is helping to ease inflation.

• In Ethiopia, for example, measures taken to stabilize foreign exchange, control prices, and reduce inflation have created room for a reduction in interest rates.
• These favorable conditions are "fueling a recovery in private consumption and investment" across the region, according to the Bank.

The World Bank upgraded its annual economic growth forecast for the region from an earlier estimate of 3.5 percent to 3.8 percent.

Reuters reported, citing the Bank's data, that forecasts have been revised upwards for 30 of the 47 SSA countries. Furthermore, the regional economy is expected to accelerate further, achieving 4.4 percent growth in the year after 2025.