Sub-Saharan Africa GDP seen rising to 5.2 pct in 2014

by Reuters
Monday, 7 April 2014 11:27 GMT

NAIROBI, April 7 (Reuters) - Growing investment in Africa's natural resources and rising household spending will accelerate economic growth in Sub-Saharan Africa to 5.2 percent in 2014 from 4.7 percent in last year, the World Bank said on Monday.

"Net foreign direct investment inflows to the region grew 16 percent to a near-record $43 billion in 2013, boosted by oil and gas discoveries," the World Bank said in a statement after the release of its Africa Pulse report.

(Reporting by Richard Lough; Editing by James Macharia)

Latest News
Comments Close
Sub-Saharan Africa GDP seen rising to 5.2 pct in 2014

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of the Thomson Reuters Foundation. For more information see our Acceptable Use Policy.

comments powered by Disqus