Africa’s GDP to hit 4.5 percent next year

AFDB, President Mr. Akinwumi Adesina

Africa’s economy is likely to grow 3.7 percent this year as resilient private consumption and investment offsets the effect of a slump in commodity prices and global headwinds, the African Development Bank (AfDB) said on Monday.

The African Development Bank (AfDB) says Africa’s integration is vital in eliminating challenges such as under-nutrition and the unfavourable climatic conditions which have negatively affected the welfare of the people.

Launching its latest regional economic outlook in the Zambian capital, the AfDB also said growth could accelerate to 4.5 percent next year if commodity prices recovered and the global economy strengthened.

Reuters/ Abubakar Mohammed