The bank also projected the global economy will accelerate moderately to 2.7 percent in 2017.
According to him, "Sub-Saharan African growth is expected to pick up modestly to 2.9 percent in 2017, as the region continues to adjust to lower commodity prices."
"Growth in South Africa and oil exporters are expected to be weaker, while the growth in economies that are not natural resource intensive remain robust.
"The growth in South Africa is expected to edge up to 1.1 percent pace this year. Nigeria is forecast to recover from the recession and grow by 1 percent pace. Angola is projected to expand at 1.2 percent pace."
It would be recalled that Godwin Emefiele, Governor of the Central Bank of Nigeria and Kemi Adeosun, finance minister, has said that the country will return to growth in fiscal year 2017.
According to the January 2017 Global Economic Prospects report, the World Bank, growth in developed countries is expected to edge up to 1.8 percent in 2017.
Fiscal incentives in major economies-especially in the United States could generate faster domestic and global growth than expected, although growing trade protection can have adverse effects.
The growth of emerging markets and developing economies as a whole should be 4.2 percent this year from 3.4 percent in the year just ended due to modest growth in commodity prices.
However, the outlook is clouded with uncertainty about the direction of policy in the major economies.
"After years of disappointing global growth, we are encouraged to see stronger economic prospects on the horizon," said Jim Yong Kim, World Bank Group President.
"Now is the time to seize this momentum and increase investment in infrastructure and people. It is vital to accelerate the sustainable and inclusive economic growth needed to end extreme poverty."
This report highlights the worrying recent weakening of growth investments in emerging markets and developing economies, which account for one third of global GDP and about three-quarters of the world population and the world's poor.
investment growth fell to 3.4 percent in 2015 from 10 percent on average in 2010, and probably the last year refused to even half a percent.
"We can help governments to offer more possibilities for the private sector to invest with certainty that the new equity products can be connected to the infrastructure of global connectivity," said Paul Romer, chief economist of the World Bank.
"Without new streets, the private sector has no incentive for investment in physical capital of the new building. Without new work space is connected to the new living space, billions of people who want to join the modern economy will lose the opportunity to invest in human capital that comes from learning on the job . "
Emerging markets and developing economies of commodity exporters are expected to rise by 2.3 percent in 2017, after almost negligible 0.3 percent pace in 2016, as commodity prices gradually recover and as Russia and Brazil continue when is growing.
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