Tuesday, May 03, 2016

Cameroon's President In Nigeria For Security Talks As IMF Released Gloomy Forecasts For African Countries

Mr Biya (pictured second from left) came on the visit with his wife Chantal (pictured right greeting President Muhammadu Buhari)
Cameroon's President Paul Biya has arrived in Nigeria for a three-day visit that is expected to focus on security concerns.
BBC News report continues:
The two countries share a border and are both heavily involved in the fight against the Islamist militant group Boko Haram.
Mr Biya (pictured second from left) came on the visit with his wife Chantal (pictured right greeting President Muhammadu Buhari).
AFP
Meanwhile the International Monetary Fund (IMF) has given some gloomy short-term forecasts in its latest report about the economic growth prospects for sub-Saharan Africa.
But it does say that prospects are still good in the medium term and there are some countries like Côte d'Ivoire and Kenya which are showing strong growth.
But one of the key questions is whether that growth is keeping up with the population increase. 
The IMF has also provided figures for its 2016 forecast for economic growth per person, which indicates - assuming the growth in income is distributed evenly - how much richer, or poorer, people are getting.
Here are some of the figures for economic growth per person:
o   Ivory Coast 5.8%
o   Mauritius 3.8%
o   Rwanda 3.6%
o   Kenya 3.1%
o   Zambia 0.3%
o   Nigeria -0.4%
o   South Africa -1%
o   South Sudan -12.3%

No comments: