World Bank projects Africa growth to drop to 3.4pc

Inflation has pushed up the cost of living in many African countries.

What you need to know:

  • Report suggests that the impacts of the Russia-Ukraine war on African economies should be negligible, because of “limited trade exposure”.
  • Countries rich in metal and mineral resources like DR Congo and Zambia are expected to grow by 4.8 percent in the next two years, as metal prices surge due to increased demand.