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EAC has enormous potential for trade, investment — US Chamber

Published on October 19, 2016

East Africa ranks as one of the world's most economically dynamic regions and offers “enormous potential” for investment by US companies, the US Chamber of Commerce said in a report issued on Tuesday.

Growth rates in some of the East African Community (EAC) member states now rivals those of a few of the Asian countries that Wall Street has touted as “new emerging economies,” the report observes.

Kenya's per capita GDP has already climbed past that of Bangladesh and Pakistan, notes the 35-page study titled “Building the Future: A Look at the Economic Potential of East Africa.”

Trade with and within East Africa will be greatly facilitated by large-scale infrastructure projects now underway, the US Chamber says. Read more. Source | Business Daily