East africa highlights

Kenya

The Kenyan economy is projected to grow by 5.8% in FY2013/14 compared to 4.7% in FY 2012/13. These results have been achieved despite the uncertainties related to the general elections, change to devolved governance and insecurity. Improved growth was recorded in the following sectors of the economy:

Tanzania

Tanzania's GDP grew by 7.0% in FY 2013/14 compared to 6.9% in FY 2012/13. This increase is mainly attributed to a 22.8% growth in the communications sector, 12.2% growth in the financial services sector, 8.6% growth in construction, 8.3% growth in wholesale and retail trade, and 6.3% growth in hotel and restaurants services.

Uganda

The Ugandan economy grew by 6.o% in FY2013/14 compared to 5.7% in FY2012/13 and 3.4% in FY 2011/12. The growth is attributed to improved agricultural production, stronger industrial performance, increase in wholesale and retail trade activities, and improved performance in transport and telecommunications. Uganda's inflation increased from 3.6% in May 2013 to 5.4% in May 2014.

Uganda

The Ugandan economy grew by 6.o% in FY2013/14 compared to 5.7% in FY2012/13 and 3.4% in FY 2011/12. The growth is attributed to improved agricultural production, stronger industrial performance, increase in wholesale and retail trade activities, and improved performance in transport and telecommunications. Uganda’s inflation increased from 3.6% in May 2013 to 5.4% in May 2014.