Sub-Saharan Africa’s macroeconomic prospects remain promising. Despite headwinds, medium-term growth for Africa remains favorable. Regional GDP growth is projected to strengthen to an average annual pace of 5.2 percent in 2015-16 from 4.6% in 2014, and rise to 5.3% in 2017.
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October 30, 2014 — The World Bank Group has responded to a call from Ebola-stricken countries to help increase the number of health workers battling the deadly virus. The new funding will speed up deployment of foreign health workers to Guinea, Liberia and Sierra Leone.Read More »
October 29, 2014 — The new report finds that Benin, DRC, Côte d’Ivoire, Senegal, and Togo are among the 10 top improvers worldwide, having improved business regulation the most in the past year among the 189 economies covered.Read More »
October 28, 2014 — Conflict and famine have triggered the displacement of millions of people in the Horn of Africa. Today, the region hosts more than 2.7 million refugees and over six million internally displaced people.Read More »
October 27, 2014 — During a visit by World Bank Group President Jim Yong Kim and UN Secretary-General Ban Ki-moon to the Horn of Africa, regional and global institutions pledged political and financial support to help countries in the Horn overcome conflict, fight poverty and boost economic activity.Read More »
October 20, 2014 — An emergency program launched by the West African Agricultural Productivity Program (WAAPP) is providing one-time subsidies on the sale of 1,713 tons of maize seeds, 90 tons of millet seeds, and 122 tons of sorghum seeds in order to help ease the financial burden on Senegalese smallholder farmers.Read More »
New data shows the quality and quantity of research in Sub Saharan Africa improving, but a gap in the critical areas of Science, Technology Engineering and Math research, which could hurt the region’s chances of economic growth.Read More »