'Fast economic growth' in Africa

by Yommie | November 14, 2007 at 12:46 am
453 views | 0 Recommendations | 0 comments
The economic outlook for Africa is improving after a decade of growth of 5.4% for the continent that matches global rates, the World Bank has said.

The trend indicates that a fundamental change is occurring in Africa, a World Bank official told the BBC.

But the bank's latest report, Africa Development Indicators 2007 (ADI), says ongoing investment is needed to sustain long-term development on the continent.

Otherwise, a split may grow between affluent nations and stagnant ones.

The report looked at more than 1,000 indicators covering economic, human and private-sector development, governance, the environment and aid.

It concludes that growth in many African countries appears to be fast and steady enough "to put a dent on the region's high poverty rate and attract global investment".

Advertisement

Comments (0)

This story was created over 3 months ago, the comment thread is now closed.

NowPublic on Facebook

What is NowPublic?

NowPublic lets people work together to cover news events around the world.

Find out more

Most Recommended Stories in Environment

 

closeSign in to NowPublic

is reporting from