EAC economies grew the fastest in Africa last year

Participants at the signing of the African Continental Free Trade Area in Kigali, Rwanda.

Participants at the signing of the African Continental Free Trade Area in Kigali, Rwanda. PHOTO | FILE | NMG

East African economies remained resilient, growing by 2.3 percent and keeping the region on its trajectory as the fastest-growing in Africa in 2020, says a report by Ernst & Young.

The report, “Reset for Growth: Fast Forward EY Attractiveness Report Africa November 2021” indicates that across the continent, East Africa was most robust, with Tanzania and Ethiopia growing the fastest in 2020.