The African Development Bank AfDB says economies in the continent remain resilient despite multiple shocks occasioned by several factors.
This was revealed in the Bank’s 2023 economic outlook in Africa focused on Mobilizing private finance for climate and green growth in the continent.
Released on the sidelines of its annual meeting in Egypt, the report notes that African countries are facing multiple shocks, such as the effects of the Covid-19 pandemic, and supply chain disruptions worsened by the Russia – Ukraine war.
Oge Obierika has more.