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Tag African Economic Outlook

Cameroon, Where Poor Infrastructure Doesn’t Dim Love for Football

Yaounde – It is almost 6pm. A group of kids are plying their craft in a dusty, dirty courtyard in a poor neighbourhood in Yaounde, Cameroon’s capital. That craft is football.  They kick the once-white-but-now-brown, aged football around. One child is barefoot, the other wears worn shoes and is dressed in the kit of the national team.

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Africa’s low-income countries lead growth forecast

May4

The International Monetary Fund (IMF) released on 3th May the Regional Economic Outlook, which has put Sub-Saharan Africa (SSA) in pole position in economic recovery. Antoinette Sayeh, IMF Africa Department Director, says that SSA’s recovery from the crisis-induced slowdown is well under way, with growth in most countries now fairly close to the high levels of the mid-2000s. Find here the full report

(video by IMF)

Africa’s Growth On the Rebound

May26

Africa is slowly emerging from the global recession and should grow 4.5 percent this year and just over five percent in 2011, a report by the African Development Bank and the OECD forecast yesterday.

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