Africa’s growth to drop this year

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Africa-Money

Africa’s economic growth will drop to 3.7 percent in 2015 from 4.6 percent in 2014 due to low commodity price, slowdown of growth in china and tightening of global financing conditions according to World Bank.

Insufficient electricity in many African countries is hampering economic growth in 2015.

An exception of  Cote d’Ivoire, Ethiopia, Mozambique, Rwanda and Tanzania, are expected to sustain economic growth  because of increased investments in energy, transport and natural resources sector.

The continents growth is expected to pick up in 2016 with a growth of at least 4.4 percent with further growth in 2017.

 

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