Heading higher

The International Monetary Fund's forecast of average growth of 5.8 per cent for sub-Saharan Africa this year is the region's best out-turn for 30 years. The bigger question is how higher growth will reduce Africa's poverty. The figures include fast-growing oil economies such as Equatorial Guinea and Angola, where there is little hope that the huge sums flowing into the economy will benefit the poor. Yet the growth figures also reflect a recovery in agriculture and farmers' incomes, following severe drought in 2003.

Article Tags:
Equatorial Guinea, Angola, Congo-Kinshasa, Burundi, Sierra Leone, Ghana, Mozambique, Zimbabwe, , Mauritius, British, Nigeria, Mauritania, Australian, Ould Sid'Ahmed Taya, United States, Libya, Sudan

end of preview

To read the rest of the article you need to either log in or do one of the following:

Subscribe to Africa Confidential Find out more
Purchase this article on its own Find out more

If you have a print subscription already please click here for full access to the website.
If you have already logged in and believe you should have access to this article please contact customer services.