Company Industry
Economists seek solutions to Africa’s new challenges
Aerial View of the city of Nairobi, Kenya's capital city. The African economy is undergoing one of its biggest challenges in years as the global economic crisis bears its weight on the bristle economies of the continent. Photo/FREDRICK ONYANGO
For instance Zambia economy has suffered a severe recession as the global prices of copper its principle export plummeted.
However, Africa oil producing countries went through the recession with minimal effects as high oil prices enabled them to continue receiving foreign exchange.
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