Sub-Saharan Africa growth to fall [Business Africa]

Fri, 12 May 2023 07:30:27 +0000

*The World Bank has said a significant post-COVID recession looms in sub-Saharan Africa.*

From the 1.6% rate previously announced by the IMF, the continent will experience a further contraction in its gross domestic product by 2.8%, according to the latest World Bank report.

It is a consequence of the coronavirus, which the body says will push millions of people into extreme poverty.

AfDB grants $13.55 million to CEMAC, DRC

And to support CEMAC economies that are suffering from the effe…
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