By Luzia Santos
Fitch Solutions consultancy stated a couple of days in the past that sub-Saharan Africa’s financial development would sluggish to three.5% this yr, down from 3.6% final yr and the 4.1% common between 2010 and 2019.
“The highest inflation since Russia’s invasion of Ukraine in February 2022 and an additional tightening in world monetary situations will constrain financial exercise in lots of sub-Saharan African markets,” the consultancy says.
According to Fitch, this comes towards a weak outlook for Nigeria and Angola, the area’s two largest oil producers, whereas noting some above-average development in . . .
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