Commodities boost African growth
Oil exporting nations must fund domestic investment, the UN says
Growth in African economies in 2007 has not been translated into social development, the UN Economic Commission for Africa (ECA) has reported.
Africa's economy grew by 5.8% last year, thanks largely to "robust global demand" and rising commodity prices.
ECA's annual report predicted economic growth of 6.2% for the continent.
But it said a slowing US economy, a fall in global commodity demand, high oil prices, political instability and poor infrastructures could hit growth. |
