World Bank Puts Africa Growth Rates At Five Percent

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allAfrica

The World Bank has said economic growth in Sub-Saharan Africa is likely to reach more than 5% on average in 2013-2015 as a result of high commodity prices worldwide and strong consumer spending on the continent.

The Bank said in its latest Africa's Pulse, a twice-yearly analysis of issues shaping Africa's economic future that about a quarter of African countries grew at 7% or higher in 2012 and a number of them, notably Sierra Leone, Niger, Cote d'Ivoire, Liberia, Ethiopia, Burkina Faso and Rwanda are among the fastest growing in the world.

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