Oil to boost African growth — IMF

Sub-Saharan Africa’s economy would probably expand 6,3% next year, the fastest pace in more than three decades, boosted by higher output from oil-exporting countries such as Angola, the International Monetary Fund (IMF) says in its World Economic Outlook released yesterday.

Growth in the region was forecast to reach 5,2% this year, the third consecutive year it would exceed 5%, the Washington-based lender said in its semi-annual report released in Singapore. Next year’s growth rate would be the highest since 1971.
Business Day