East Africa has strongest economic growth in Africa – ICAEW Report

Economic diversification and investment-driven growth continue to make East Africa the region on the continent with the strongest economic growth, with a forecast of 6.3 percent growth in 2018, the latest report from the Institute of Chartered Accountants in England and Wales (ICAEW) has disclosed.

According to the report, Kenya’s strong growth (forecast at 5.4 percent in 2018) results from a services boom. “While the economies are smaller, growth rates in Tanzania and Rwanda (both 6.7 percent) are extremely impressive.

Source: APA News




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