Who are we ?

 "Economic growth has reached its lowest level in six years in sub-Saharan Africa," said Daniel Kablan Duncan. It has fallen from around 5% in 2011 to 3% in 2015 and then to 1.6% in 2016".

The former Ivorian Prime Minister spoke on the sidelines of the 14th annual conference of the Association of Investment Funds and Venture Capital Companies (AVCA) operating on the African continent, organized in Abidjan.

Major Challenges

According to him, "Africa is confronted with a combination of major economic challenges that negatively impact its economic growth for the first time in ten years ". He cited "the fall in the prices of many commodities, the slowdown in Chinese economic growth, the decline in foreign direct investment and the effects of climate change".

Participants at the meeting also noted "the prominent role" of investment funds in enabling the "African private sector to settle in the productive investments" of the continent.

Source: adapted from the article “Afrique subsaharienne: la croissance « à son plus bas niveau depuis six ans » selon Daniel Kablan Duncan”, Jeune Afrique www.jeuneafrique.com