Kenya and Uganda's economy will recover faster at 6.3 percent this year, audit and consultancy firm Deloitte has said. Generally, Eastern Africa countries are expected to bounce back from the Covid-19 pandemic to grow three percent up from 0.9 per in 2021, up from 0.9 percent last year. Commenting on the East Africa macro-economic environment, Deloitte East Africa financial advisory leader Gladys Makumi cautioned that the virus threat is far from over. “This past year has truly shown that we are in a new reality,'' Tewodros Sisay, Deloitte East Africa Financial Advisory associate director said. Last week, the international lender slashed Kenya's growth to 4.5 percent from 6.8 per cent.

Source: The Star July 14, 2021 13:52 UTC