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Poor infrastructure holds back Africa from being the next BRIC

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A vendor places eggs on a 100 billion Zimbabwean dollar note in Harare. Volatility of African currencies eroded gains of trade in the region. Photo/REUTERS

A vendor places eggs on a 100 billion Zimbabwean dollar note in Harare. Volatility of African currencies eroded gains of trade in the region. Photo/REUTERS 

By Ngozi Okonjo-Iweala  (email the author)
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Posted  Friday, September 3  2010 at  00:00

For example, while total annual export growth in Sub-Saharan Africa was very strong averaging 30 per cent each year from 1995 to 2008, growth of non commodity exports averaged just 10 per cent in the same period.

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Okonjo-Iweala is the World Bank managing director.

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