Africa's economic growth to stabilise at 4% in 2023-24: AfDB - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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The African Development Bank (AfDB)’s macroeconomic performance and outlook report estimate that Africa’s economic growth will stabilise at 4% in 2023-24, from 4.8% in 2021.

The African Development Fund has provided financial support to Cameroon to improve public finance management.The African Development Fund has provided financial support to Cameroon to improve public finance management.

The report notes that the slowdown in the region’s growth reflects the impact of domestic and external shocks including high inflation and global supply chain disruptions. African Development Bank President Akinwumi Adesina says the tighter global financial conditions put pressure on Africa’s currencies.

 

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As a continental block that’s very poor growth. 🙆🏾‍♂️ How is it that there is so much mineral extraction happening in Africa, yet we see such low growth?

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