East Africa: EAC Region’s Growth Projected At 3.6 Percent This Year

The East African Community (EAC) economic bloc is projected to grow at 3.6 percent this year.

The fast growth will likely give the six nation bloc a leeway in the African Continental Free Trade Area (AfCFTA).

The facility, which became operational in January this year, has a consumer market of 1.3 billion people.

This was announced recently by the newly appointed chief executive officer of the East African Business Council (EABC) John Bosco Kalisa. “With the deep political commitment and goodwill from our regional leaders, there is hope and optimism on growth of trade and investments,” he said.