Africa Pulse: Gross domestic product rose 4.7 percent in 2013, the Washington-based bank said today in an e-mailed statement, citing Africa Pulse, a twice-yearly study it publishes. The outlook compares with a forecast in the October edition of Africa Pulse of 5.3 percent in 2014 from 4.9 percent last year, according to Business Week. Economic growth in 2013 was buoyed by Democratic Republic of Congo, Africas biggest copper producer, and iron-ore producer Sierra Leone, as well as the non-resource-rich nations of Ethiopia and Rwanda, according to the statement and Economic growth in sub-Saharan Africa is forecast to accelerate to 5.2 percent this year, driven by increasing investment to exploit the regions natural resources and develop infrastructure, the World Bank said. The region attracted foreign direct investment worth a near-record $43 billion last year, up 16 percent from a year earlier, fueled by oil and gas discoveries in nations including Angola, Mozambique and Tanzania, the bank said.
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