Africa: Growth is not enough to meet poverty targets, UN says

Africa's economy isn’t growing fast enough to meet targets to reduce poverty in the world’s poorest continent, the United Nations said. Per-capita income will probably expand 2.7 per cent in 2011 and 2.8 per cent in 2012, lower than the 3 per cent 'minimum rate of growth to make a substantial dent in poverty', the UN said in a statement released in Johannesburg. Rising commodity prices, better harvests and investments in rail and energy projects will help lift growth to 5 per cent in 2011 and 5.1 per cent in 2012, from 4.7 per cent last year, the UN said.