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Africa growth expected to continue – to hit 6% in 2014

Friday, November 1, 2013

The strongest growth will be felt in mineral-exporting and low-income countries, including the Ivory Coast, the Democratic Republic of Congo, Mozambique and Sierra Leone.

Africa’s largest economy South Africa is expected to grow 2 percent this year and 2.9 percent in the next, as it lags the broader region due to the relative maturity of its industrial, extractive and services sectors.

South Africa has suffered this year from industrial strikes, slowing private investment and disposable income growth and weakening consumer confidence.

The World Bank sees growth of 5.3 percent for sub-Saharan Africa in 2014, underpinned by strong private and public investment.

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