World Bank Africa’s Pulse 2017 report, which was released yesterday revealed that economic growth in Sub-Saharan Africa is rebounding, after registering the worst decline in more than two decades. However, recovery remains weak, with growth expected to rise only slightly above population growth, a pace that hampers efforts to boost employment and reduce poverty, he added. According to him, the environment of weak economic growth comes at a time when the continent is in dire need of necessary reforms to boost investment and tackle poverty. Zeufack said: “The region experienced a slowdown in investment growth from nearly 8 percent in 2014 to 0.6% in 2015. “With poverty rates still high, regaining the growth momentum is imperative,” says Punam Chuhan-Pole, World Bank Lead Economist and the author of the report.

Source: Daily Observer April 20, 2017 01:52 UTC