While East African's economy is cited as being ahead in growth in sub-Saharan Africa, analysts are cautioning that the growth is largely superficial since it is being driven by public infrastructure investments as opposed to being private sector-driven, writes the Daily Nation. In the past 10 years the East African economies have borrowed over the U.S.$29.42 billion to grow their transport, communication, manufacturing and energy sectors.
East African, 11 November 2019
A rapid build-up of loans has pushed East African countries close to a debt crisis, putting at risk the region's long-term economic stability. Read more »
Five East African Community member countries, Kenya, Burundi, Rwanda, Uganda and Tanzania have together accumulated more than U.S.$100 billion domestic and foreign debt, stretching ... Read more »
East African economies have in the past 10 years borrowed over the U.S.$29.42 billion to grow their transport, communication, manufacturing and energy sectors. According to the ... Read more »