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Vol 58 No 12

Published 9th June 2017

The great growth divide

With its biggest economies in the doldrums, the continent's fortunes will improve only slowly, say international financial institutions

The sharp division that has opened between Africa's mega-economies, such as Nigeria, South Africa and Egypt, and the much smaller but more dynamic ones, such as Côte d'Ivoire, Ethiopia, Rwanda, Senegal and Tanzania, is the biggest constraint on boosting investment and production. This two-speed growth, noted by the African Development Bank (AfDB), World Bank and International Monetary Fund over the past three years, is holding back finance for the bigger companies involved in production and processing, as well as some cross-border transport and power projects.

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