By: Saidu Jalloh
Sierra Leone, along with other Sub-Saharan African countries, is demonstrating economic resilience in the face of global uncertainties, according to the latest Africa’s Pulse report released by the World Bank on Wednesday, April 23, 2025. While challenges remain particularly for fragile and conflict-affected nations the report highlights promising opportunities for growth, improved governance, and increased private investment.
The report projects Sub-Saharan Africa’s economic growth to rise to 3.5% in 2025, with further acceleration to 4.3% between 2026 and 2027. This positive trajectory is primarily driven by rising private consumption and investment, supported by easing inflation and stabilizing currencies. The median inflation rate in the region declined significantly from 7.1% in 2023 to 4.5% in 2024.
Titled “Improving Governance and Delivering for People in Africa,” the 31st edition of the Africa’s Pulse report emphasizes that, while regional growth is improving, it remains insufficient to substantially reduce poverty or fully meet public expectations especially in countries like Sierra Leone. Real income per capita in 2025 is projected to remain about 2% below its 2015 level.
Growth disparities persist, with resource-rich and conflict-affected countries recovering more slowly compared to more diversified economies. Sierra Leone, like many countries in the region, faces additional pressures from climate change, shifting trade dynamics, and youth unemployment.
Andrew Dabalen, World Bank Chief Economist for the Africa Region, noted the growing gap between citizens’ expectations for jobs and public services and the market’s ability to deliver.
“Urgent reforms, backed by more competition, transparency, and accountability, will be key to attracting private investments, increasing public revenue, and creating more economic opportunities for millions of Africans entering the workforce each year,” Dabalen said.
The report identifies the African Continental Free Trade Area (AfCFTA) as a vital tool for expanding intra-regional trade and generating employment. It recommends that countries like Sierra Leone take advantage of this opportunity to diversify their economies and foster inclusive growth.
To strengthen public trust and enhance service delivery, the World Bank urges African governments to prioritize efficient public spending, particularly in critical sectors such as healthcare, education, water, and electricity. The report also stresses the need for a fair tax system, strong accountability mechanisms, and transparent market regulations to create a competitive business environment.
These reforms, the report argues, will not only drive growth but also help governments better meet the aspirations of their people laying the foundation for a more prosperous and equitable future in Sierra Leone and across the region.