May 4th, 2010

Sub Saharan Africa recovery strengthens: World Bank


Uganda oil

KAMPALA (Reuters) - Sub-Saharan Africa will grow by up to 4.2 percent in 2010 after expansion of 1.7 percent last year, helped by booming telecoms and commodity sectors, a senior World Bank official said on Tuesday.

Earlier World Bank forecasts projected growth of 3.8 percent this year before reaching 4.6 percent in 2011.

"The continent is now focused on the rebound for growth and should be posting between 3.8 to 4.2 percent in 2010," Obiageli Ezekwesili, the bank's vice president for Africa, told Reuters.

http://af.reuters.com/article/topNews/idAFJOE64309320100504