Alleastafrica
KENYA LATEST NEWS RWANDA

World Bank report names Kenya, Rwanda among resilient economies

The report is a shocker to many Kenyans as the country is currently inflation with prices of foodstuffs sky-rocketing day by day.

By Muchemi Wachira, muchemi.wachira@alleastafrica.com

NAIROBI – Kenya’s economy remains among the best performing in sub-Saharan African,  according to latest projections from the World Bank and International Monetary Fund.

The report is a shocker to many Kenyans as the country is currently inflation with prices of foodstuffs sky-rocketing day by day.

The same Africa’s Pulse report from the World Bank, which is the latest, Rwanda’s economy has been described as has been described as resilience after the country posted annual growth rate above 5.4 per cent in 2015-2017.

Rwanda’s economy grew by 5.9 per cent in 2016, according to figures from the National Institute of Statistics of Rwanda (NISR).

The report’s reveals that five other countries — Côte d’Ivoire, Ethiopia, Mali, , Senegal, and Tanzania — continue to exhibit  “economic resilience, supported by domestic demand, posting annual growth rates above 5.4 per cent in 2015-2017.

The World Bank has however urged sub-saharan countries, to undertake much needed development spending while avoiding increasing debt to unsustainable levels.

It also raised concern about Africa’s weak economic growth and increasing debt levels.

Copyright ©2017 Alleastafrica.com All rights reserved. The information contained in Alleastafrica.com may not be published, broadcast, rewritten, or redistributed without the prior written authority of Alleastafrica.com (info@alleastafrica.com).

Related posts

Tigray deserves praise for arrest of ex-army chief – Ethiopian activist

Newsroom

Vodacom Tanzania’s 1 million shares risk attachment

NewsDesk

Kenyan Electoral Commission official resigns

NewsDesk

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More