Africa is recovering from the global economic crisis and could see growth of 4.5% in 2010, International Monetary Fund Managing Director Dominique Strauss-Kahn said yesterday. "All across the continent, we can see signs of life, with rebounds in trade, export earnings, bank credit, and commercial activity," Strauss-Kahn said during a panel discussion at the University of Nairobi. "In 2010, the IMF expects growth of around 4,5 per cent," he added. "In short, I think that Africa is back - although a lot depends on a global recovery that is still in its early stages." While having limited exposure to international capital markets, Africa suffered as trade and capital flow fell and remittances from Africans living outside the continent dropped off. According to IMF figures, 2009 growth in sub-Saharan Africa fell to around two per cent after averaging five per cent to seven per cent previously. Strauss-Kahn said this prompted an "an enormity of human suffering". "In other parts of the world, you might lose your job, or maybe your house, in this kind of crisis," he said. "In Africa, you could very well lose your life, or the life of your child." (The Namibian)

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