KAMPALA, Uganda – A new World Bank report says economic growth across sub-Saharan Africa is projected to fall to 1.6 percent in 2016, the lowest level in more than two decades. Growth was 3 percent last year.
The report released Thursday says the weak growth mainly reflects the deteriorating performance of the continent's largest economies, Nigeria and South Africa. Together, they account for half the region's economic output.
01:45 Japanese shares fall 1% as yen strengthens, Samsung presser announcements ahead18
15:02 U.S housing starts surge in December; jobless claims near 43-year low13
23:10 Tim Raines, Jeff Bagwell, Pudge Rodriguez elected to Baseball Hall of Fame18
06:13 Pound quivers near three-month low, stocks weak before May's Brexit stance speech20