Fri, 02 Dec 2011 07:43:56 GMT
Eurozone's crisis impact African economies
African economies are impacted by the euro-zone debt crisis as
Europe countries are the largest trading partners of Africa, said Pravin
Gordhan, South Africa's finance minister. Europe dictates the investment
pattern and when Europe experienced downturn Africa sees money outflow from its
economy, he added. European crisis
increases volatility of the commodity prices and currencies in Africa, claimed Ngozi
Okonjo-Iweala, Nigeria's finance minister.