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East Africa business leaders optimistic on economy

Published on April 20, 2015

Business executives in East Africa are optimistic about the regional economy despite insecurity in Kenya and weakening currencies, a new survey indicates.

A global entrepreneur indicator survey conducted by Entrepreneur Organisation (EO), a network of over 10,000 business owners, shows that 78 per cent of entrepreneurs are willing to start a business under the current economic environment.

The EO’s founding President, Sriram Bharatam, attributed the results to the confidence and optimism that East African entrepreneurs and companies have developed over the years.

“It (the survey) clearly shows the incredible traction and dynamics East Africa has developed over the past years. In terms of business momentum, the indicators show that East Africa will continue its rise as a leading force in the global economy,” said Mr Bharatam. Read more. Source | Business Daily