22-May-2017
English
The economy recovered in 2016 to 2.9%, driven by the rebound in the global diamond market. Growth prospects remain favourable but crucially depend on continued rebound in the global diamond market, improved reliability in electricity and water supply, as well as reforms.
22-May-2017
English
The economy slowed down to an estimated 4.0% from 5.2% in 2015 mainly due to electoral activity and lower growth in neighbouring Nigeria. Growth is projected to pick up in 2017 to 5.5% and 6.2% in 2018 with the start of the government’s 2016-21 action programme, which aims to double investment over the period.
22-May-2017
English
Angola’s economy grew by 1.1% in 2016 but is expected to pick up to 2.3% in 2017, and further to 3.2% in 2018, owing to planned increase in public spending and improved termsof-trade as oil price recovers. Angola needs to increase investment in human capital, pursue economic diversification to reduce economic vulnerability in order to graduate to middle-income status by 2021.
22-May-2017
English
In 2016, real GDP grew by 3.5% down from 3.8% recorded the previous year on account of lower oil price. The government adopted a new economic growth plan (2016-30) focusing on the private sector and a three year budget stabilisation strategy. The non-oil and gas industry accounted for no more than 5% of GDP in 2016, compared with 35% at the end of the 1980s, so the authorities are looking towards a re-industrialisation of the country.
22-May-2017
English
Ahmedabad, India, May 22, 2017 – African governments need to integrate entrepreneurship more fully into their industrialisation strategies, according to the African Economic Outlook (AEO) 2017 released today at the African Development Bank Group’s 52nd Annual Meetings
17-October-2016
English
The human and economic costs of air pollution in Africa are growing fast, according to a new OECD Development Centre study on the Cost of Air Pollution in Africa.
23-May-2016
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How Africa urbanises will be critical to the continent’s future growth and development, says the African Economic Outlook 2016 released today at the African Development Bank Group’s 51st Annual Meetings.
28-July-2015
English
The period 2009-12 was marked by an economic rebound following the introduction of the multiple currency system, with the economy growing at an average rate of 11.0% per annum. However, GDP growth decelerated sharply from 10.6% in 2012 to 4.5% in 2013 and an estimated 3.1% in 2014.
28-July-2015
English
Zambia’s economy performed relatively well within the region despite the decline in the growth rate. This decline was largely a result of lower production in the mining sector compared to the year before as well as slower growth in manufacturing and public services.
28-July-2015
English
In 2014, Uganda saw the consolidation of macroeconomic stability and a gradual recovery of economic activity. Real GDP growth in FY 2013/14 reached 4.5% (July 2013 through to June 2014), which was significantly weaker than expected (5.7%), mainly due to under-execution of externally financed public investment and depressed exports as demand from trading partners stalled.