Addis Ababa, Ethiopia (ADV) – A latest report on African economies says East Africa is the fastest growing region on the continent,” with people leading longer and healthier lives”.
A report from the UNECA indicates that with an average growth rate of 6.7% between 2013 and 2017 – double the African average – East Africa is one of the fastest economic growths in the world, accompanied by rapid social improvements.
The report said average life expectancy has increased by 5.3 years over the past decade, with some countries registering historically unprecedented gains.
Among other things, the report revealed that countries like Kenya and Rwanda have registered 8.5 years average life expectancy growth.
“There are of course still many challenges-chief amongst them being the need for faster job creation for the rapidly growing population but on balance progress has been impressive, Andrew Mold, the Acting Director of the ECA in Eastern Africa said.
Mold explained that life expectancy is a good general indicator of living standards, and the pace of change is one of the fastest in history.
In 2019, the region is expected to grow at 6.2%, thanks to sustained public and private investment, renewed optimism in the Horn of Africa, and the opening up of new trade opportunities under the AfCFTA.
Amongst the challenges the East Africa region was facing are the impact of climate change on agricultural production, rising levels of debt in some countries, and peace and security concerns.
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© Bur-csa – A.H – Oumaima Mourtada / From our regional correspondent Tamba Jean-Matthew III – African Daily Voice (ADV)