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Africa’s economy remains robust – UN report

Published on August 04, 2015

Economic activity in sub-Saharan Africa remained robust in 2014, achieving a 0.2% growth, underpinned by improved macroeconomic management, and diversified trade and investment ties with emerging economies around the world.

A United Nations (UN) Economic Commission for Africa report launched in Kampala indicated the continent’s prospects remain positive despite the hard economic times around the world.

The report indicated that trade continues to play a major role in Africa’s economic growth performance; with potential to promote trade-induced industrialization, provided it is deliberately directed.

“The goal of trade-induced industrialization should therefore include guiding the conduct, negotiations and implementation of trade and investment agreements and arrangements,” said Hopestone Chavula, an economics expert working for the UN Economic Commission for Africa. Read more. Source | New vision