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Africa’s rise hobbled by China slowdown

The failure of many governments to diversify and strengthen their economies during the commodity boom is being felt in several sub-Saharan African countries. The International Monetary Fund estimates that growth rates in the region will fall to low levels last seen before the financial crisis, cutting growth predictions by 50% in certain oil producing countries in particular which have been hit hard by the fall in the global price of crude.

Read more at Financial Times…

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