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EAC economies projected to grow rapidly in 2015: report

Published on April 09, 2015

East Africa’s economies are poised for a rapid growth this year, according to a report by the Economic Commission for Africa.

The economic growth for the region is expected to increase from 6.5 per cent in 2014 to 6.8 per cent this year, driven by Kenya and Uganda.

The Africa Economic Report 2015 indicates that Kenya, the region’s largest economy, will benefit from rapid expansion of banking, telecommunications, urbanization, and investment in infrastructure, particularly rail. Read more. Source | Business Daily