Africa's economic growth fell to 3.2pc in 2023, AfDB says

qfdd8hj9

An aerial view showing people in a market in Zamfara State, Nigeria on February 8, 2023. PHOTO | REUTERS

Africa's economic growth fell to 3.2 percent last year from 4.1 percent in 2022, the African Development Bank (AfDB) said on Friday, but it projected higher growth this year for all regions except Central Africa.

The AfDB said political instability and China's economic slowdown were compounding the shocks of Covid-19 and Russia's war in Ukraine.