Africa's economic growth is set to reach 5.2pc in 2014, but mostly driven by resource rich countries, according to the World Bank's new Africa's Pulse, a twice yearly analysis of issues shaping Africa's economic prospect.
Economic growth in sub-Saharan Africa will rise from 4.7pc in 2013 to a forecasted 5.2ps in 2014. This performance is boosted by rising investment in natural resources and infrastructure, and a strong house hold spending.
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 of around seven percent, according to the report.
