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

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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.

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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)

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