African economic growth to accelerate to around 4 per cent over next two years -AfDB

Africa’s economic growth is forecast to rise to about 4 per cent this year and next from 3.4 per cent in 2019, driven by infrastructure investments and natural resource exports, the African Development Bank (AfDB) said on Thursday.

Growth last year was below the average 5 per cent rate of the past decade, the AfDB said in an annual report, due to slower growth in the continent’s “big five” economies — Algeria, Egypt, Morocco, Nigeria and South Africa.