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PUBLISHED ON August 12th, 2016

East Africa: Growing Inequality Worrisome

 

East Africa enjoys strong economic growth for over a decade now but the rosy picture of the economy is soiled by deepening inequality which begs a question on who in particular benefit from the growth.

This is one of the key observation of the State of East Africa Report 2016 that was launched in Dar es Salaam last Friday by Society of International Development and TradeMark Africa.

The region has recorded robust growth of the economy with an average of more than six per cent annual growth-rate for over a decade with Ethiopia, Kenya, Tanzania and Uganda all forecast show rapid economic growth over the next decade on the back of tourism, agriculture, services and manufacturing industries and improving their transport links and energy supply.

Source: All Africa

Disclaimer: The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of TradeMark Africa.

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