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Sub-Saharan Africa growth to fall [Business Africa]

Business Africa

<p><strong>The World Bank has said a significant post-<span class="caps">COVID</span> recession looms in sub-Saharan Africa.</strong></p> <p>From the 1.6% rate previously announced by the <span class="caps">IMF</span>, the continent will experience a further contraction in its gross domestic product by 2.8%, according to the latest World Bank report. </p> <p>It is a consequence of the coronavirus, which the body says will push millions of people into extreme poverty.</p> <h2 style="font-size:16px;">AfDB grants $13.55 million to <span class="caps">CEMAC</span>, <span class="caps">DRC</span></h2> <p>And to support <span class="caps">CEMAC</span> economies that are suffering from the effects of the covid-19 pandemic, the African Development Bank has announced funding of more than 13 million dollars, that will be distributed differently depending on emergencies identified. </p> <p>The amounts allocated will be directed mainly towards the management and improvement of health systems.</p>