Workers arrange bags containing cocoa beans at a cocoa processing factory in Ile-Oluji village in Ondo state, southwest Nigeria March 30, 2016. REUTERS/Akintunde Akinleye
Economic growth in sub-Saharan Africa is likely to slip to 1.6 percent this year, from 3 percent in 2015, due to continuing woes in the continent’s largest economies South Africa and Nigeria, a World Bank report said on Thursday.
Growth will pick up slightly to 2.9 percent next year, according to “Africa’s Pulse”, the Bank’s twice-yearly analysis of economic trends, which was unveiled in Ivory Coast’s commercial capital Abidjan. African economies are expected to expand by 3.6 percent in 2018, it said.
By Reuters