Africa: England's Accountancy Institute Allays Fears Over Africa's Debt

Lagos — Several African countries have reported a rise in their gross domestic product (GDP) despite fears over increased debt according to the Economic Insight: Africa Q2 2018 report launched yesterday by the Institute of Chartered Accountants in England and Wales (ICAEW).

The accountancy body In the report forecast GDP growth forecasts for various regions including East Africa which is set to grow by 6.1per cent , Southern Africa by 2.3 per cent , Central and West Africa at 3.6 per cent and Franc Zone at 4.5 per cent.

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