{"id":13272,"date":"2012-08-08T02:15:15","date_gmt":"2012-08-08T00:15:15","guid":{"rendered":"http:\/\/www.myza.co.za\/08\/africas-growth-may-rise-to-7-pct-a-year-by-2015\/"},"modified":"2012-08-08T02:15:15","modified_gmt":"2012-08-08T00:15:15","slug":"africas-growth-may-rise-to-7-pct-a-year-by-2015","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/africas-growth-may-rise-to-7-pct-a-year-by-2015\/","title":{"rendered":"Africa&#8217;s growth may rise to 7 pct a year by 2015"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>By Joseph Akwiri<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">MOMBASA, Kenya<\/span> Aug 7 (Reuters) &#8211; Africa&#8217;s growth could rise<br \/>\nto 7 percent by the year 2015 Driven by a rush of investors<br \/>\nattracted by its drive to improve its infrastructure, the head<br \/>\nof the United Nations Development Programme&#8217;s (UNDP) in Africa<br \/>\nsaid.<\/p>\n<p><span><\/span><\/p>\n<p>Ranked as the poorest continent in the world, Africa has<br \/>\nposted strong growth rates of about 5 percent in recent years,<br \/>\nsecond only to Asia, drawing rising inward investment.<\/p>\n<p><span><\/span><\/p>\n<p>Although Africa may have enviable economic growth rates by<br \/>\nglobal standards, they are still not enough to pull its growing<br \/>\npopulation out of poverty.<\/p>\n<p><span><\/span><\/p>\n<p>The IMF revised down its growth forecasts for Africa in 2012<br \/>\nto 5.4 percent, lower than previous forecasts.<\/p>\n<p><span><\/span><\/p>\n<p>Corruption and civil wars are also likely to puncture the<br \/>\nmomentum in several African countries, officials said at an<br \/>\nAfrican leadership meeting in Mombasa.<\/p>\n<p><span><\/span><\/p>\n<p>Many African countries had embarked on rehabilitation and<br \/>\nconstruction of vital infrastructure systems that were quickly<br \/>\nattracting investors locally and internationally, Tegegnework<br \/>\nGettu, who heads the United Nations Development Programme&#8217;s<br \/>\n(UNDP) Africa Bureau, told a conference in Mombasa on Tuesday.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Investment in Africa has gone up to 15 Percent in the last<br \/>\nfive years alone. This is a remarkable achievement. Africa is so<br \/>\nfar the fastest growing continent globally. We need to keep this<br \/>\nspirit. We need to hasten our infrastructural development,<br \/>\nbecause this is the time for Africa,&#8221; Gettu said.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;At the port in Singapore it takes 8 minutes to clear a<br \/>\nship, in Kenya it takes hours, even days sometimes. Those are<br \/>\nthe issues we should be dealing with and am glad most African<br \/>\ncountries including Kenya are on course,&#8221; he added.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Joseph Akwiri MOMBASA, Kenya Aug 7 (Reuters) &#8211; Africa&#8217;s growth could rise to 7 percent by the year 2015 Driven by a rush of investors attracted by its drive to improve its infrastructure, the head of the United Nations Development Programme&#8217;s (UNDP) in Africa said. Ranked as the poorest continent in the world, Africa [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-13272","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/13272","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=13272"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/13272\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=13272"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=13272"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=13272"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}