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

READ ALSO  Humanitarian crisis: 7.7m people in need of assistance in N/East - UN

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  27 killed as trains derail in India

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  NJC violated its guidelines on judges’ appointment- Lawyer