Analysis - Why is Southern Africa's economic growth the worst of all Africa's regions, while East Africa is number one?
Why is Southern Africa 's economic growth the worst of all Africa 's regions, while East Africa is number one?
The broad structures of the two regional economies differ. Ten East African countries are non-resource-intensive economies, versus seven in Southern Africa. Both regions have one oil-exporting country - South Sudan in East Africa and Angola in Southern Africa. Even though all the economies are exposed to global geopolitical shocks and continued global uncertainties, East African countries tend to be more resilient than those in Southern Africa in terms of growth.
In contrast, East Africa's robust economic performance is driven by the strong showing of seven of the region's 13 countries. Rwanda, Ethiopia, Uganda, Tanzania, Djibouti, Kenya and Seychelles are the highest performers, with average growth rates of over 5%. Rwanda was one of the key sustainable growth success stories with a growth rate exceeding 7% on average annually. These impressive results benefit the rest of East Africa despite Somalia and Sudan's political instability.
The region is now reaping the benefits of these infrastructure projects, even though financial arrangements with China remain complex.
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