African economies remain resilient despite experiencing multiple shocks, with 53 out of 54 African countries seen maintaining positive growth and a stable outlook for the 2023/24 period, the African Development Bank has projected.
Prof. Kevin Urama, Acting Chief Economist and Vice President for Economic Governance and Knowledge Management at the bank, said that with Africa’s abundant natural capital, massive youthful population and its growing economy, there is a huge opportunity for low-income economies to rebound after shocks such as the Covid-19 pandemic.
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