Africa’s catch-up with rich nations stalls as World Bank warns of “lost decade”

The World Bank has issued a warning that Africa's progress in closing the income gap with wealthier nations is in jeopardy due to a combination of slower economic growth and increasing debt levels. This situation raises concerns about the potential for a "lost decade" in terms of economic development for the continent. The report highlights the challenges that African countries face in maintaining momentum towards sustainable growth and improving living standards amid these adverse conditions.

Read More