Sub-Saharan Africa is expected to post economic growth of 2.3 per cent-3.4 per cent this year, the World Bank said in a new report on Wednesday, bouncing back from a pandemic-induced 2.0 per cent contraction last year. The recovery, which will also be aided by ongoing efforts to vaccinate people against the disease, is expected to vary among individual nations, the World Bank said. Read MoreDiversified economies like Kenya and Ivory Coast, as well as mining-dependent ones like Botswana and Guinea, will grow robustly as rising confidence attracts investments, it said. "The resurgence of the pandemic in late 2020 and limited additional fiscal support will pose an uphill battle for policy makers," the bank said. During the second and third waves of the pandemic, some nations have seen their daily COVID-19 infections surge by 40 per cent compared with the first wave of the pandemic, the World Bank said, weighing on recovery prospects.

Source: Standard Digital March 31, 2021 11:15 UTC