Browsing: Addis Ababa Stock Exchange

East Africa continues to draw attention due to its high growth rate. The positive growth has been projected by both national and multilateral agencies like IMF and World Bank. The growth is expected in both agricultural and manufacturing sectors with great support from the service industry. To harness the power of all this growth is a budding bourse across the region. In this issue, we focus on how the stock markets are expected to behave this year.

The Institute of Chartered Accountants in England and Wales (ICAEW) released a report at the end of 2019 which showed that East Africa’s economy is expected to continue expanding at an average of 6.3 per cent in 2020, with that of Rwanda expected to lead at eight per cent from 7.8 per cent. Kenya’s economy is expected to expand in the margins of six per cent while that of Uganda and Tanzania is …