Africa could be looking up to East Africa for an economic miracle, thanks to massive public investment in infrastructure by governments across the region. The 2019 Economic Report on Africa by the United Nations Economic Commission for Africa ranks East Africa as the fastest growing sub-region on the continent, with the trend being attributed to strong investment in infrastructure. “East Africa remains the fastest growing sub-region in Africa,…driven by strong public spending on infrastructure and rising domestic demand,” the report reads. Tanzania, which remains one of the fastest growing economies in Africa, is currently undertaking several mega infrastructure projects as it beefs up its vital economic infrastructure to support the country’s industrialisation drive. According to the 2019 Economic Report on Africa, Africa West Africa’s growth is projected at 3.4 per cent and 3.8 per cent in 2019 and 2020 respectively.

Source: The North Africa Journal March 27, 2019 08:48 UTC