‘Massive’ infrastructure spending needed in Africa, says report
2 months ago, 18 Jan 08:00
rowth in Africa rose from 2.2 percent in 2016 to 3.6 percent in 2017 and is likely to rise to 4.1 percent in 2018 and 2019, the ADB said in its annual report, African Economic Outlook. “Overall, the recovery in growth has been faster than envisaged, especially among non-resource–intensive economies, underscoring Africa’s resilience,” it said. “The recovery in growth could mark a turning point in net commodity-exporting countries,” it added. Last year’s spurt has a range of explanations, includin ...
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