New continental report hails E. Africa’s economic performance – Xinhua

ADDIS ABABA, July 12 (Xinhua) — The East African region has enjoyed a more resilient economic growth as compared to other parts of the continent over the past few decades, revealed a report released by the African Union (AU) and the Organization for Economic Cooperation and Development (OECD) Center.

Africa’s Development Dynamics 2018, which was released on Wednesday at AU’s headquarters in Ethiopia’s capital Addis Ababa, indicated mixed performances of different African regions in terms of growth, jobs and inequalities.

According to the report, the East African region has enjoyed stronger and more resilient economic growth than the other regions of the continent, at over 4 percent annually since 1990. The report also noted East Africa’s economic trajectory as a “more diversified…

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