Business
East African economies posting aggressive growth
Economies of the East African Community (EAC) member states grew by more than five per cent last year, making the region one of the fastest growing in world.
“An average growth of more than 5 percent is indeed impressive in a world where economic headlines are dominated by words such as crisis, regression, negative growth etc,” said Danish minister for Development Cooperation, Christian Friss Bach.
“I hope to bring some lessons back to Europe, which as you might have noticed, has negative growth,” he told an EAC stakeholder forum organised by TradeMark East Africa (TMEA) at Southern Sun Hotel in Nairobi on Thursday.
Mr Richard Sezibera, EAC secretary-general, said last year’s regional gross domestic growth compared to the three per cent world average.
