The headquarters of the African Development Bank (AfDB) in Abidjan, Ivory Coast. [Reuters]African economies are expected to grow by an average of 3.4 per cent this year, the African Development Bank said, as the continent recovers from its worst contraction in half a century. The 54 economies shrank by 2.1 per cent last year, the AfDB said in its 2021 economic outlook report, as the coronavirus crisis disrupted economic activity across the continent. “The continent-wide projected recovery... does not remove the threat of increasing poverty,” the Abidjan-based AfDB said in the report, published on Friday. Subscribe to Our Newsletter Subscribe to our newsletter and stay updated on the latest developments and special offers!

Source: Standard Digital March 13, 2021 06:33 UTC