FELIX WEKESA
Countries under the East Africa community has been predicted to have growth in the economy, this comes amid after stakeholders says the region has been outstanding the prevailing challenges, the East African Business Council (EABC) projects that east Africa’s economy will rise to 5.1 percent this year and 5.7 percent in 2025.
The council says regional growth has been achieved through growth of service sector agricultural sector and investment in infrastructure sector. As Kenya continue to lead with a rate of 5.2 percent this has enabled the country to attract more investors in east Africa region in 2023.
Experts have said that as the region continue to experience growth , business among the member State continue to face more challenges due to lack of common external currency.
However the experts have urged the region not to put more policies in the member states for the region to attract more investors , they have also asked leaders to monitor political tension in order to sustain growth in the region.