Price and exports falls hit Africa

Economic growth in Africa is projected to reach 4% this year, according to a report by the International Monetary Fund (IMF).

Growth is expected to be held back by low non-oil commodity prices which will hurt exports earnings for many African countries, the Fund said in its bi-annual World Economic Outlook report, noting that many countries suffer from large trade deficits.

"Among food and beverages, the most significant development has been the severe drop in coffee prices - down more than 60%

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