Oil shenanigans


The continent is divided into two separate groups travelling at di erent speeds.Oil importers are actually growing faster by diversifying. 

For the economies of African countries, 2016 was a genuine rollercoaster ride. The year was filled with sudden and unexpected ups and downs caused primarily by the prolonged fall in the price of raw materials on international markets, especially the long descent in the price of oil. The president of the African Development Bank (AfDB), Akinwumi Adesina, said in a recent interview that looking at 2016 estimates, the expected GDP growth will be around 1.7% for the year. 

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