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How many MICs are there
among Sub-Saharan Africa’s
48 economies? We have
informally asked this question
of 200 people (many pundits
and professionals among
them). The standard answer is
“around five”.
Only one person got it right
and almost everyone is
surprised to hear the result:
Africa today is home to 22
MICs (23 if South Sudan is
included)! Kenya, East Africa’s
largest economy, is not
among them (or for that
matter is any other EAC
member).
In fact, if you ranked all Sub-
Saharan African countries by
per capita income, Kenya
would be right in the middle,
ranked 24th out of 48.