Africa’s economy is likely to grow 3.7 per cent this year, the African Development Bank (AfDB) said on Monday.

READ ALSO  Etisalat urges SMEs to adopt innovative business models

Launching its latest regional economic outlook in Lusaka, AfDB said this was due to resilient private consumption and investment which had offset the effect of a slump in commodity prices and global headwinds.

READ ALSO  NIPR inducts 142 new members

The AfDB also said growth could accelerate to 4.5 per cent next year if commodity prices recovered and the global economy strengthened. (Reuters/NAN)

READ ALSO  Apple, Facebook co-founders confirm participation at Access Bank confab

Loading...
loading...
SHARE