EA economies’ growth stronger than peers amid global crises

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Rwanda President Paul Kagame at the Women Deliver 2023 Conference in Kigali, Rwanda on July 17, 2023. PHOTO | POOL

East African economies are forecast to grow at a higher rate than continental peers, but global shocks and political uncertainties could threaten the momentum.

A new report by the African Development Bank (AfDB) shows that the region has improved from last year’s performance of 4.4 percent to 5.1 percent this year, with the prospect of reaching 5.8 percent in 2024.