African economies likely to rebound 3.4 per cent this year, AfDB says

The headquarters of the African Development Bank (AfDB) in Abidjan, Ivory Coast. [Reuters]

African economies are expected to grow by an average of 3.4 per cent this year, the African Development Bank said, as the continent recovers from its worst contraction in half a century.

The 54 economies shrank by 2.1 per cent last year, the AfDB said in its 2021 economic outlook report, as the coronavirus crisis disrupted economic activity across the continent.