{"id":49533,"date":"2023-08-08T11:31:22","date_gmt":"2023-08-08T11:31:22","guid":{"rendered":"https:\/\/www.africa-press.net\/rwanda\/all-news\/east-africa-leads-african-economic-growth-in-2023-24-says-afdb"},"modified":"2023-08-08T11:58:56","modified_gmt":"2023-08-08T11:58:56","slug":"east-africa-leads-african-economic-growth-in-2023-24-says-afdb","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/rwanda\/economy\/east-africa-leads-african-economic-growth-in-2023-24-says-afdb","title":{"rendered":"East Africa Leads African Economic Growth in 2023\/24, Says AfDB"},"content":{"rendered":"

Africa-Press – Rwanda. <\/strong><\/span>East Africa will represent the region with the highest economic performance during the period 2023 to 2024, says multilateral development finance institution the African Development Bank (AfDB).<\/p>\n

The region is expected to experience an economic growth rate of 5.1% and 5.8% in 2023 and 2024, respectively, with countries such as Rwanda, Uganda, Ethiopia, Kenya, Djibouti and Tanzania spearheading performance.<\/p>\n

The region\u2019s tourism and services sectors \u2013 including the accommodation, food and entertainment industries \u2013 were largely responsible for Gross Domestic Product contribution between 2015 and 2022.<\/p>\n

However, the AfDB notes that going forward, \u2018green industries\u2019 such as sustainable agriculture, renewable energy, Information and Communication Technology, transport and the blue economy present promising growth opportunities for East African economies.<\/p>\n

Edward Sennoga, Second Lead Economist for the AfDB\u2019s East African office explained that, \u201cThe region is well placed to advance its pursuit of climate and green growth ambitions, given its market size; youthful population that could double by 2050; green technology potential; and significant natural resource endowments.\u201d<\/p>\n

To capitalize on these opportunities, the AfDB has called on regional governments to mobilize private sector financing while improving cooperation with global development partners.<\/p>\n

source:energycapitalpower<\/b><\/p>\n

For More News And Analysis About Rwanda<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Rwanda. East Africa will represent the region with the highest economic performance during the period 2023 to 2024, says multilateral development finance institution the African Development Bank (AfDB). The region is expected to experience an economic growth rate of 5.1% and 5.8% in 2023 and 2024, respectively, with countries such as Rwanda, Uganda, […]<\/p>\n","protected":false},"author":84,"featured_media":49532,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[760,763,758],"class_list":["post-49533","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-rwanda","tag-rwanda"],"yoast_head":"\nEast Africa Leads African Economic Growth in 2023\/24, Says AfDB - Rwanda<\/title>\n<meta name=\"description\" content=\"East Africa will represent the region with the highest economic performance during the period 2023 to 2024, says multila ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/rwanda\/economy\/east-africa-leads-african-economic-growth-in-2023-24-says-afdb\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"East Africa Leads African Economic Growth in 2023\/24, Says AfDB\" \/>\n<meta property=\"og:description\" content=\"East Africa will represent the region with the highest economic performance during the period 2023 to 2024, says multila ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/rwanda\/economy\/east-africa-leads-african-economic-growth-in-2023-24-says-afdb\" \/>\n<meta property=\"og:site_name\" content=\"Rwanda\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-08T11:31:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-08T11:58:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2023\/08\/sm_1691483078.076155.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1500\" \/>\n\t<meta property=\"og:image:height\" content=\"1000\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/east-africa-leads-african-economic-growth-in-2023-24-says-afdb#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/east-africa-leads-african-economic-growth-in-2023-24-says-afdb\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"East Africa Leads African Economic Growth in 2023\/24, Says AfDB\",\"datePublished\":\"2023-08-08T11:31:22+00:00\",\"dateModified\":\"2023-08-08T11:58:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/east-africa-leads-african-economic-growth-in-2023-24-says-afdb\"},\"wordCount\":203,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/east-africa-leads-african-economic-growth-in-2023-24-says-afdb#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2023\/08\/sm_1691483078.076155.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Rwanda\",\"Rwanda\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/rwanda\/economy\/east-africa-leads-african-economic-growth-in-2023-24-says-afdb#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/east-africa-leads-african-economic-growth-in-2023-24-says-afdb\",\"url\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/east-africa-leads-african-economic-growth-in-2023-24-says-afdb\",\"name\":\"East Africa Leads African Economic Growth in 2023\/24, Says AfDB - 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