Will Rising Debt Dampen East Africa's Growth?
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.
Rising Debt to Dampen EAC Growth
Citizen, 7 January 2020
East Africa's economic landscape is replete with contradictions: While it is cited as being ahead in economic growth in sub-Saharan Africa with its GDP projected to expand by 6.1… 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 »
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