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World Bank: Africa Economies to Slow in Coming Year

The famous “Africa Rising” narrative appears to have hit a road bump, with the World Bank predicting in a new report that economic growth on the continent will slow to 3.7 percent this year -- the lowest level since 2009. For decades, the continent’s economic fate has been tied to its wealth of raw materials -- commodities like oil, gas, gold and aluminum. While the continent is rich in such resources, very few African nations have succeeded in processing their bounty and profiting from...

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