By EA Trade Review Reporter
Economic growth in Sub-Saharan Africa (SSA) continues to rise from 4.7 per cent in 2013 to a forecasted 5.2 per cent in 2014.
This performance is boosted by rising investment in natural resources and infrastructure, and strong household spending, according to the World Bank’s new Africa’s Pulse, a twice-yearly analysis of the issues shaping Africa’s economic prospects.
Growth was notably buoyant in resource-rich countries, including Sierra Leone and the Democratic Republic of Congo. It remained steady in Cote d’Ivoire, while rebounding in Mali, supported by improved political stability and security.
Non-resource-rich countries, particularly Ethiopia and Rwanda, also experienced solid economic growth in 2013.